- XRP community debates ETF demand after bold JPMorgan inflow projection surfaces.
- Diana highlights steep yearly accumulation figures from Steingraber’s circulating document.
- Community reactions grow as discussions focus on supply pressure and institutional interest.
Intense debate spread across the XRP community following a January update shared by Watcher Guru stating that JPMorgan expects the proposed XRP and SOL exchange-traded funds (ETFs) to attract inflows worth $14 billion. The post prompted swift engagement across X, especially after community commentator Diana responded with her own assessment supported by a screenshot of a document attributed to analyst Chad Steingraber.
According to the details presented in the screenshot, Steingraber outlined a scenario in which an estimated 6 million XRP are consumed daily by Bitwise. He expanded the estimate across twelve funds, which resulted in a projected daily demand of 72 million XRP.
His breakdown continued with weekly totals of 360 million units and a monthly accumulation of 1.44 billion units. Consequently, the model predicted a yearly consumption of 17.28 billion XRP, which immediately sparked broad discussion within the community.
Additionally, Diana argued that the market does not have enough freely floating XRP to support the level of demand outlined in the document. Her commentary connected JPMorgan’s projected $14 billion inflow with Steingraber’s accumulation scenario and emphasised the pressure such figures could place on available supply.
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Community Response to the Circulating Figures and Commentary
Reactions expanded rapidly as users analysed the information presented in both the JPMorgan projection and Steingraber’s document. Many focused on the scale of the projected 17.28 billion XRP yearly demand and reviewed how it compared with market availability. Moreover, several community voices highlighted the broader implications of JPMorgan recognising the potential impact of crypto-based ETFs.
Besides the numerical debate, some community members underscored a shift in institutional tone. OGA NFT stated that while many were focused on the $14 billion inflow figure, the more significant development was JPMorgan publicly acknowledging crypto ETFs after years of skepticism.
He argued that this shift in credibility could influence more conservative allocators. According to Diana, the inflow projection gained attention, yet the reputational shift remained the more meaningful signal due to its potential influence on traditional institutions.
Consequently, the conversation maintained strong momentum as users continued sharing Steingraber’s calculations, Diana’s commentary, and the new reactions centred on JPMorgan’s stance. The detailed figures and community responses kept attention fixed on the possibility of heightened demand if multiple proposed ETFs advance and continue to attract broader institutional interest.
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