XRP spot ETF has accumulated over $1 billion in funds, but some institutional investors remain skeptical and consider it a meme coin.

2026-01-10 03:09:25

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BlockBeats News, January 10 — Since its listing in November 2025, the XRP spot ETF has absorbed over $1 billion in funds. However, some analysts predict that this wave of enthusiasm may not last.

Investment platform Glider co-founder Brian Huang stated: “The core of investment lies in growth potential and which builders are developing on this blockchain. When we examine the builder attention within a16z’s investment landscape, XRP even failed to make the list.”

Huang’s skepticism stems from the lack of builders in the XRP ecosystem. “Builders create infrastructure and applications that can drive ecosystem development and increase the value of the underlying token,” Huang explained. “Without builders, XRP’s growth will be extremely limited. Most large institutional investors do not even consider Ripple-associated XRP as a serious project. Institutional investors holding the vast majority of crypto ETFs may be reluctant to hold XRP, viewing it as a meme coin.”

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