Behind XRP Spot ETF attracting over $1 billion: Why is the lack of ecosystem builders the core issue?

2026-01-10 03:08:13

Abstract generation in progress

【Blockchain Rhythm】XRP spot ETF has performed remarkably since its launch in November last year, attracting over $1 billion in funds in a short period, and the enthusiasm shows no signs of waning. However, many industry insiders have cast doubt.

The co-founder of investment platform Glider believes the key issue lies here: what is the growth potential? How many builders on-chain are genuinely working hard? He reviewed the investment layouts of leading VC firms in the industry and found it a bit disheartening—XRP is not even on the list.

In simple terms, ecosystem builders are the key. The infrastructure created by these developers and the applications they build are what truly drive ecosystem development and boost token value. Conversely, without builders, the growth potential is painfully limited. Even more disheartening is that many large institutions don’t take XRP seriously, sometimes even lumping it together with meme coins. Institutional investors holding various crypto ETFs share a consistent attitude—they prefer to stay on the sidelines.

Whether this wave of ETF financing can continue depends largely on whether the ecosystem can attract more capable developers. Merely pouring in funds is far from enough; the real test has just begun.

XRP2,07%

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