XRP enthusiasts are speculating that the premium on an XRP exchange-traded fund (ETF) could surge 100 times to reach $500. Chad Steingraber, a well-known figure in the XRP community, believes that if XRP reaches a price point of $5, the corresponding ETF fund could trade at a staggering 100x premium. This potential increase in value is fueled by institutional demand for an XRP ETF. Steingraber highlighted that the ETF shares could trade at such a high premium even if the market price of XRP itself does not skyrocket. He compared it to the Grayscale Litecoin Fund, which currently commands a significant premium over its net asset value. Steingraber emphasized that if issuers permit In-Kind deposits, individuals could potentially exploit the expensive XRP ETF premium through arbitrage. However, no asset manager has applied for an XRP ETF yet, making this outlook purely speculative.
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XRP ETF Premium Projected to Surge 100x to $500: Details
