- XRP ETF approvals are expected between October 18–25, with Bloomberg estimating 90–95% odds of approval.
- Analysts forecast up to $8 billion in inflows, with Grayscale and Franklin Templeton leading the pack.
- Holders of 100,000 XRP ($300K today) could see millionaire status if XRP hits $10 after ETF approval.
The XRP Army is buzzing again, and this time the chatter is louder than usual. Talk of fresh millionaires being minted as early as October is spreading across the community, with hopes pinned on one big catalyst: spot XRP ETF approvals.
XRP commentator Kenny Nguyen fired up the hype this week, tweeting that “many XRP millionaires will be born in October” once the long-awaited ETFs go live. Influencer CryptoBull echoed the same sentiment, saying September might stay quiet, but October could deliver the fireworks everyone’s been waiting for.
SEC Deadlines Put XRP ETFs in the Spotlight
All eyes are on the U.S. Securities and Exchange Commission, which is expected to make final calls on several spot XRP ETF filings between October 18 and 25. Heavyweights like Grayscale, 21Shares, Bitwise, Franklin Templeton, WisdomTree, ProShares, Canary Capital, and CoinShares are in the queue.
Grayscale’s application leads the pack, with its $500 million XRP Trust seeking conversion into a spot ETF. Analysts project combined inflows as high as $8 billion in the first year alone, with Grayscale and Franklin Templeton each potentially pulling in $1 billion. Bloomberg even put approval odds at 90–95% before year-end, thanks to Ripple’s recent courtroom wins and the SEC’s softened stance. If greenlit, trading could kick off within 24 to 48 hours—similar to the lightning-fast launches of Bitcoin ETFs.
Frankfurt Analyst Sees Big Altcoin Upside
Adding fuel to the optimism, Oliver Michel, CEO of Tokentus Investment AG, spoke from the Frankfurt Stock Exchange, arguing that altcoins—not Bitcoin—hold the real upside from here. He suggested XRP could deliver gains up to 300%, while Bitcoin’s growth may look tame in comparison.
XRP’s price has been consolidating near $3, but Michel sees ETF approval as the perfect spark for liftoff. He compared the setup to Bitcoin’s explosive breakout earlier this year once ETFs went live. Supporting this view, CME’s XRP futures have already topped $1 billion in open interest in just a few months, while futures-based XRP ETFs hold $800 million in assets. Spot products, analysts argue, could attract even deeper institutional money.
Who Really Stands to Become XRP Millionaires?
Of course, the “millionaire” talk is mostly reserved for those already sitting on hefty XRP bags. To put it into perspective: someone holding 100,000 XRP—worth roughly $300,000 today—would hit millionaire status if XRP jumps to $10 in October.
But here’s the catch. According to the XRP Rich List, only about 34,839 wallets hold more than 95,000 XRP. Meanwhile, over 5.5 million wallets are smaller holders with between 20 and 500 XRP. That means, for most investors, millionaire dreams are probably further down the road—unless XRP sees a meteoric surge.
Still, with ETF deadlines looming and community hype at full tilt, October could be the month XRP shakes up the charts and possibly delivers life-changing gains for a lucky few.
