Prominent portfolio manager Michael Gayed, known for overseeing ETFs such as FMKT and ATACX, has hinted at a potential move into XRP.
The comment gained traction across the XRP ecosystem. Gayed is widely followed in traditional finance for his macro research and ETF strategy work. Many see his potential involvement, whether through commentary, research, or a product initiative, as another sign of institutional interest in XRP.
For context, Gayed is a well-known Bitcoin critic who has been vocal about his disapproval of Bitcoin ETFs. Just last month, he tweeted that Bitcoin ETFs were the worst thing to happen to BTC
Interestingly, he is not particularly pro-gold either, recently tweeting that gold “won’t save holders, same as Bitcoin won’t.”
Until now, he had never commented on XRP, making his recent post notable and drawing attention from prominent community figures.
XRP Army Reacts
Leading XRP commentator Zach Rector amplified Gayed’s post, highlighting how traditional finance continues to “wake up” to XRP’s rising ETF demand. Tony Edward, host of the Thinking Crypto Podcast, also weighed in, noting the significance of Gayed’s hint.
Notably, community member Tim expressed disbelief at Gayed’s post, asking what had changed given his widely known skepticism toward crypto
In response, Gayed clarified that he is not entirely against crypto. Instead, he opposes narratives that “make no sense,” such as Bitcoin’s store-of-value and inflation-hedge claims.
While Gayed did not provide further details, his hint fuels the growing idea that traditional finance firms are showing more interest in XRP as institutional attention rises.
Historic Inflows in XRP ETFs
The timing of Gayed’s post coincides with XRP ETFs approaching the $1 billion inflow milestone. At the close of trading yesterday, XRP ETFs attracted $12.84 million in new investments
Inflows came from Franklin ($5.7 million), Bitwise ($3.76 million), Grayscale ($2.04 million), and Canary Capital ($1.34 million), bringing total inflows to $887.12 million.
As of yesterday, total XRP ETF assets exceeded $906 million, though today the value has dipped to $881 million. The decline reflects a drop in XRP’s spot price amid a mild market correction.
Ripple CEO’s Comment
Ripple CEO Brad Garlinghouse described the historic inflows into XRP as “just the beginning”. He emphasized that crypto ETFs currently represent only 2% of the global ETF market, leaving significant growth potential. Institutions previously sidelined by regulation or risk are now entering the market, with Ripple seeing increasing activity on its prime-brokerage platform.
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