A new projection from an XRP analyst is drawing fresh attention to how quickly 
spot ETFs could gobble up available tokens if heavy inflows persist. Related 
Reading: With 42% Of XRP Holders Underwater, Analysts Say The Altcoin Could 
Crash Even Further The numbers in the model are simple and large, and they 
force a straightforward question: what happens if steady ETF buying meets a 
limited public supply? ETF Flows Could Outrun Supply According to analyst Chad 
Steingraber, one XRP ETF might average $90 million in daily inflows. 
Multiplying that by 12 ETFs and the result is $1.08 billion each day. Based on 
his assumptions, if half of those flows create fresh demand for XRP, issuers 
would need to buy about $504 million worth — roughly 229 million XRP — in a 
single day. One Day Billion ETF Flow Scenario (assume current price) Single 
Fund Day Avg &#8211; $90Million x12 Funds Avg &#8211; $1.08Billion Day 50% Avg Net Share 
Creation &#8211; $504Million Required Acquisition &#8211; 229,090,909 XRP —&gt; 1 Day For fun 
— what if one week: x5 Days &#8211; 1,145,454,545 XRP What if… 
https://t.co/wpdDD1q7bn — Chad Steingraber (@ChadSteingraber) November 19, 
2025 Stretch that pace for a week and the total climbs to 1.14 billion XRP. A 
month pushes it to 4.58 billion XRP. After six months, the model reaches 27.49 
billion XRP, which is nearly half of the roughly 60 billion XRP currently in 
circulation. According to the projection, a full year at those levels could 
theoretically absorb the entire public supply unless prices move higher and 
slow purchases. Early Fund Flows Show Demand But Not A Shock Reports show 
Canary Capital’s XRPC ETF opened with $245 million in day-one inflows, 
followed by $25.41 million and $8.32 million on the next two days, bringing 
the fund to $277 million in assets. Franklin Templeton’s EZRP is scheduled to 
launch on November 24 and market estimates put first-day demand between 
$150–$250 million. Five other issuers — Bitwise, Grayscale, 21Shares, 
Valkyrie, and CoinShares — are waiting in line. Community math that assumes 
seven ETFs has produced a $7.2 billion annual inflow figure. That is a lot of 
money. But, so far, the market reaction has been muted rather than explosive. 
Related Reading: The Final Dip? Bitcoin’s Days Under $90K May Be Over 
According to analysts, fund purchases don’t hit public exchanges right away. 
Trades settle on a certain cycle, and many issuers buy XRP over-the-counter. 
As a result, large amounts could be accumulated quietly before they show up in 
exchange order books or pressure the spot price. $XRP Lost the previous 
breakout level. Looks headed back to $1.50 area. pic.twitter.com/8VskyzrPXk — 
Nebraskangooner (@Nebraskangooner) November 17, 2025 Price Dynamics And 
Technical Risks XRP’s price has not marched upward in lockstep with ETF 
headlines. The token has hovered near $2.14 and slipped more than 14% since 
last week. Technical voices in the market are warning about downside. Analyst 
Nebraskangooner points to a failed breakout from a descending triangle and 
sets a target near $1.50 — roughly a 30% drop from a recent $2.15 trading 
level. The chart argument traces a rally to a yearly high of $3.66 in July, a 
late-October attempt to break higher, and a subsequent break below support 
around $2.2. Featured image from Gemini, chart from TradingView

XRP Supply Shock Ahead? ETFs Could Consume It All, Analyst Predicts

Minipay on Nov. 19, 2025, announced it has enabled instant spending of USDT 
across Brazil’s PIX and Argentina’s Mercado Pago through a “Pay like a local” 
feature that sends merchants local-currency payments in seconds without 
requiring a local bank account or residency, the company said. The rollout, 
powered by Noah and supported by partners Eldorado, […]

Minipay Enables Instant USDT Spending on PIX and Mercado Pago Across Latin America

XRP price is tightening inside a breakout pattern as traders watch for the 
impact of today’s Bitwise XRP ETF launch. XRP traded at $2.13 at press time, 
slipping 1.1% over the past 24 hours as the crypto market saw mixed…

XRP price compresses into bullish breakout zone ahead of Nov. 20 Bitwise ETF launch

Cathie Wood’s ARK Invest bought over $39 million in Bullish, Circle and 
BitMine shares as crypto stocks dipped, signaling conviction amid market 
weakness.

Cathie Wood’s ARK loads up on Circle, BitMine, Bullish as crypto stocks slide

Nearly two years after the inception of the Bitcoin ETF sector in the United 
States, these funds are currently grappling with significant challenges, 
exacerbated by mounting concerns regarding a potential bear market in the 
coming months. This turmoil is exemplified by the BlackRock iShares Bitcoin 
Trust ETF (IBIT), which experienced its largest single-day withdrawal since 
launch, further contributing to the decline in Bitcoin&#8217;s price. Profit-Taking 
And Caution The recent outflows from BlackRock’s Bitcoin ETF highlight the 
severity of the current selloff within the Bitcoin market, which has 
experienced a substantial correction below the crucial $100,000 mark following 
a record high reached in October. Related Reading: Kraken Achieves $20 Billion 
Valuation With $200 Million Investment From Citadel This downturn emphasizes 
the widespread pullback affecting various risk assets, while gold has notably 
remained resilient. Some analysts suggest that these developments indicate a 
trend of investors shifting their exposure from Bitcoin to gold. &#8220;The crypto 
market entered a hangover in August,&#8221; said Thomas Perfumo, Global Economist at 
Kraken, in a recent interview with Reuters, noting that much of the earlier 
demand for Bitcoin had been fueled by borrowed funds. He added, &#8220;Momentum 
seemingly peaked during the summer. But the truth is this hangover trend 
started months ago.&#8221; Analysts have also pointed to profit-taking behaviors 
among long-term holders and increasing caution among Bitcoin ETF funds and 
digital asset treasury (DAT) firms, which had previously ramped up their 
acquisitions throughout the year. Brian Vieten, a research analyst at Siebert 
Financial, stated that Bitcoin treasury companies had collectively purchased 
nearly $50 billion worth of Bitcoin over the past year. Recently, however, 
many of these firms have begun trading at a discount to their net asset value, 
which could dampen market expectations for new Bitcoin purchases in the near 
term. Bitcoin ETF Inflows Plummet This shift occurs amid rising concerns among 
heavyweight investors regarding inflated valuations across various asset 
classes. José Torres, a senior economist at Interactive Brokers, noted that 
&#8220;an ongoing lack of speculative spirits is weighing on Bitcoin.&#8221; Related 
Reading: Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why 
Despite managing over $73 billion in assets, IBIT has seen a decline of 19% in 
the current quarter. Data from SoSoValue indicates that spot Bitcoin ETF funds 
collectively have recorded $2.59 billion in outflows this month alone. Leading 
the pack is BlackRock’s Bitcoin ETF, which has experienced $1.78 billion in 
outflows in November alone. The Fidelity Wise Origin Bitcoin Fund (FBTC) ranks 
second, with nearly $540 million in outflows. The turbulence isn&#8217;t limited to 
Bitcoin; the Ethereum exchange-traded fund sector also faced outflows, 
totaling approximately $74.2 million yesterday, with BlackRock selling off 
$165.1 million. On a more positive note, Solana spot ETFs reported net inflows 
of $30.09 million on Tuesday, primarily driven by Bitwise&#8217;s BSOL. This marks a 
major streak of 15 consecutive days of inflows for Solana. Featured image from 
DALL-E, chart from TradingView.com

Cryptocurrency price in NZD