A finance author has insisted that institutions will likely diversify from the Bitcoin and Ethereum-only approach to add XRP ETFs to their portfolio.
This comment came from Linda P. Jones, a wealth mentor and author of the “3 Steps to Quantum Wealth” finance book, on the back of $1.53 trillion asset manager Franklin Templeton’s recent filing to launch an XRP ETF product, adding to a series of similar filings from leading asset managers.
Notably, Franklin Templeton’s interest brought the total potential XRP ETFs to a record 15, the highest for any single crypto asset. For context, Bitcoin, the pioneering crypto asset, witnessed 11 filings, while Ethereum saw only 8 filings. Other assets have also observed less filings.
XRP’s filings for a record 15 ETFs have triggered bullish commentaries from community members, who suggest that this figure translates to massive demand for XRP investment products. Bitwise CIO Matt Hougan confirmed this, revealing last month that there is a massive demand for XRP products.
No Demand?
However, Scott Melker, Host of the Wolf of All Streets, believes otherwise. Following Franklin Templeton’s filing and the euphoria within the XRP camp, Melker called attention to what he sees as the crypto industry filing for “endless ETFs.” According to him, he’s okay with this trend.
Nonetheless, the market pundit suggested that despite these multiple filings, investors might not actually buy these products “anytime soon.” Essentially, he argued that these ETFs, even after approval, would not attract substantial demand, except the Bitcoin products, which are already massively successful.
Notably, this commentary was partly accurate for Ethereum ETFs, which have seen low interest despite launching last July. For context, Bitcoin ETFs have attracted $35.4 billion in cumulative net inflows since January 2024. In contrast, the Ethereum products have only seen $2.63 billion in netflows since July 2024.
Institutions Could Diversify into XRP ETFs
Meanwhile, reacting to Melker’s recent comments, Linda Jones argued that Institutions will likely change their Bitcoin and Ethereum-only investment approach. This is likely due to recent market conditions, with XRP outperforming Bitcoin by 212% since November and gaining nearly 250% against Ethereum within the same timeframe.
Hilarious! Institutions will diversify out of Bitcoin/Eth only and add XRP ETFs to their portfolio. https://t.co/R7rHmMLEJC
— Linda P. Jones (@LindaPJones) March 11, 2025
“Institutions will diversify out of Bitcoin/Eth only and add XRP ETFs to their portfolio,” Jones insisted, emphasizing her conviction that institutions will show interest in XRP investment products once they launch.
Also, with Franklin Templeton filing for the 15th prospective XRP ETF, other proponents have argued that asset managers do not file for an ETF unless there is already demand for the product, seeking to counter Melker’s assertion.
Besides Franklin Templeton, other leading asset managers that have filed to launch XRP ETF products include Grayscale, 21Shares, Bitwise and Canary Capital, with ProShares and Volatility Shares each filing for three products. Hashdex and Purpose Investments have filed for non-U.S. products.
Some suggest that leading asset managers such as VanEck, Fidelity, Galaxy Digital, and Invesco have filed for XRP ETFs, but this claim is false at press time.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
