{"id":59914,"date":"2025-11-23T02:01:33","date_gmt":"2025-11-23T02:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=59914"},"modified":"2025-11-23T02:01:33","modified_gmt":"2025-11-23T02:01:33","slug":"heres-why-a-supply-shock-could-be-imminent-for-xrp","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=59914","title":{"rendered":"Here\u2019s Why A Supply Shock Could Be Imminent For XRP"},"content":{"rendered":"
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Crypto pundit Cobb has explained why a supply shock could be imminent for XRP. This follows the launch of two \u201833 Act XRP ETFs, including Bitwise\u2019s fund<\/a>, with more set to launch next week.\u00a0<\/p>\n

Why XRP Could Soon Witness A Supply Shock<\/h2>\n

In an X post<\/a>, Cobb declared that a supply shock is coming for XRP. This came as he noted that the market is not pricing in the impact the XRP ETFs could have, like they did with Bitcoin and Ethereum<\/a>. Notably, BTC had rallied to new highs following the launch of the Bitcoin ETFs last year. ETH also saw a significant price increase this year, as Ethereum ETFs experienced a massive spike in inflows.\u00a0<\/p>\n

Cobb\u2019s statement came in response to crypto pundit Chad\u2019s prediction<\/a> of the funds taking in a net inflow of a billion daily, with 500 million of the altcoin sent to storage daily. He stated that the token\u2019s price won\u2019t remain at $2 as that happens. It is worth noting that there are currently two existing \u201833 Act spot XRP ETFs issued by Canary Capital<\/a> and Bitwise.\u00a0<\/p>\n

SoSo Value data<\/a> shows that these two funds haven\u2019t come close to recording daily net inflows. So far, their highest daily net inflows have been $245 million, which was what Canary recorded on the first day of trading. However, since then, the daily net inflows have dropped despite the launch of Bitwise\u2019s fund<\/a> earlier this week.\u00a0<\/p>\n

The drop in net inflows for the funds comes amid the crypto market decline, which may be contributing to this development. Notably, Canary Capital CEO Steven McClurg had predicted<\/a> that the funds could take in $10 billion in inflows in their first month, depending on the market conditions.\u00a0<\/p>\n

More Funds Set To Launch<\/h2>\n

More XRP ETFs<\/a> are set to launch, which could further boost the inflows into these funds as a group. Bloomberg analyst Eric Balchunas revealed<\/a> that Grayscale has received approval from the NYSE Arca to launch its fund on November 24. Meanwhile, his colleague James Seyffart had earlier stated<\/a> that Franklin Templeton was also likely to launch its fund next Monday.\u00a0<\/p>\n

Asset manager 21Shares has also filed<\/a> a Form 8-A for its fund and could begin trading as soon as next week once it gets certification from CBOE. Crypto pundit Chad recently claimed<\/a> that the altcoin\u2019s price could rally to as high as $220 as these funds continue to accumulate more coins. He noted that BTC\u2019s price nearly doubled following the launch of Bitcoin ETFs and expects the impact of the funds on XRP to be far more significant.\u00a0<\/p>\n

At the time of writing, the altcoin\u2019s price is trading at around $1.91, down over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>\n

\"XRP\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto pundit Cobb has explained why a supply shock could be imminent for XRP. This follows the launch of two \u201833 Act XRP ETFs, including Bitwise\u2019s fund, with more set to launch next week.\u00a0 Why XRP Could Soon Witness A Supply Shock In an X post, Cobb declared that a supply shock is coming for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-59914","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59914"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59914\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}