XRP Jumps Ahead of Bitcoin as First U.S. Spot ETF Launches

After another day of selling pressure during the U.S. session, the crypto market is finally stabilizing. Bitcoin has recovered from its intraday low near $101,000 and is now trading around $103,500.

The main catalyst behind the rebound is the end of the record-long government shutdown. President Donald Trump signed a temporary funding bill, reopening federal agencies after a 42-day halt.

Thanks to the agreement, the government can now unlock roughly $1 trillion from the Treasury General Account (TGA). Investors hope this injection of funds will bring fresh liquidity into the markets — including crypto.

At the same time, legislative work on several crypto regulatory bills has resumed in Washington. The most important among them is the Market Structure Bill, expected to provide clearer rules and open the door for greater institutional participation.

Traders are now watching the upcoming October CPI report. Inflation is expected to rise 3.1% year-over-year. A higher reading could push the Federal Reserve to delay planned interest-rate cuts.

According to the CME FedWatch Tool, the probability of a December rate cut has already fallen to 53%.

XRP Outperforms Bitcoin as First U.S. Spot ETF Goes Live

XRP has become one of the top performers of the day, gaining 4.4% in 24 hours and 7.9% over the week, far outpacing Bitcoin.

The rally was driven by the launch of the first U.S. spot XRP ETF. After receiving Nasdaq listing approval yesterday, the product officially began trading today at 3:30 p.m. CET.

This ETF is the first to be approved under the SEC’s new review framework and may open the door for more altcoin-based products. Analysts expect significant capital inflows, potentially supporting XRP in the coming months.

Stephen McClurg, CEO of Canary Capital, predicts $5–10 billion in inflows during the first month.

Julio Moreno of CryptoQuant estimates that the ETF could absorb 1% to 4% of the circulating XRP supply.

Jamie Elkaleh from Bitget sees inflows of $4–8 billion as a realistic base case — implying a potential XRP price target of $4–8.

A recent example is the Solana ETFs, which recorded 11 consecutive days of inflows and now manage around $370 million. However, Solana’s price eventually pulled back after the ETF launch, so XRP may also face a potential “sell-the-news” reaction.