The XRP ETF ecosystem still has significant growth potential. Currently, among the three largest ETF issuers in the United States, BlackRock and Fidelity have not yet launched XRP ETF products. What does this mean? It indicates that potential massive capital is still waiting on the sidelines. Once these two major institutions officially enter the market, it is very likely to bring a new wave of funding for XRP. This is not only a product-level gap but also a shift in institutional capital allocation psychology. Based on the current ability of Bitcoin and Ethereum ETFs to attract funds, once the XRP ETF is approved and launched, it will be difficult for capital flows not to trigger a chain reaction.