Behind XRP Spot ETF attracting 1 billion in funds: Can ecological builders' absence support growth?

【Crypto World】Since the XRP spot ETF launched in November 2025, capital inflows have exceeded $1 billion. However, some market participants remain cautious about whether this momentum can continue.

Brian Huang, co-founder of the investment platform Glider, raised a sharp question: “What truly determines the prospects of a project are growth potential and how many builders are seriously developing within the ecosystem. When I look at the developers who are the focus in a16z’s investment portfolio, XRP has never appeared.”

Huang’s concerns hit the mark. He believes that infrastructure and applications are the engines driving ecosystem development and increasing token value. “Projects without builder participation will have severely limited growth potential. Most large institutions do not take XRP associated with Ripple seriously, and some institutional investors even confuse it with Meme coins. The institutions managing mainstream crypto ETFs may simply be unwilling to allocate positions in XRP.”

This comment reflects market doubts about the current state of XRP ecosystem development—whether the high inflow of ETF funds can find enough technological innovation and application scenarios to support long-term value may be the next key point to watch.