April was a great month for whales and cryptocurrencies, especially for those who target Ripple XRP and Bitcoin (BTC).
This month, Bitcoin has increased by more than $ 90,000, currently negotiating $ 3,000 less than the $ 100,000 bar, according to data de Coingecko.
It seems that the hypothesis occurred during a heavy accumulation phase which saw the whales move more than $ 4 billion in BTC, as reported by Cryptomode.
XRP was not left behind. Portfolios holding between 10 million and 100 million XRPs have increased 900 million tokens, worth less than $ 2 billion at current prices. This cohort now controls 7.77 billion, or around 13% of the supply in circulation – a position of $ 17 billion, according to data shared by popular Crypto Ali Martinez.
Whales bought around 900 million $ XRP During the last month! pic.twitter.com/k3uyfmkjl
– Ali (@ali_charts) May 2, 2025
ETF XRP approval on the horizon?
It is not a secret for anyone that another reason behind the accumulation is the chances of increase in an approval of the ETF SPOT XRP in the United States
It is probably the largest catalyst here. FNB approval is estimated by this summer, according to Eric Balchunas de Bloomberg, released 85% of chance. In addition, analysts suggest that an XRP ETF could lead to more than $ 8 billion in the first six months of negotiation.
The official deadline is in October, but the implementation has already started. If the Securities and Exchange Commission (SEC) focused on the product, demand could increase quickly.
The ETF SPOTs offer retail and institutional investors a clean and compatible ramp. No wallets, no stress of duty, just sharing. Grayscale, Franklin Templeton, 21Shares and Wisdomtree are already aligned to compete for the status of first engine.
Although XRP is gaining ground on the ETF front, its footprint in the stable sector seems to be weakening. The company Stablecoin of the company barely crossed a market capitalization of $ 330 million. Nothing compared to one of its competitors. Curiously, Ripple is interested in buying Circle, the USD Coin (USDC) transmitter, but Circle rejected the offer.
Related: Immutable X (IMX) surpasses most cryptocurrencies today: analysis
