January 10 As of January 10, the XRP spot ETF has drawn over $1 billion in inflows since its launch in November 2025 — but some analysts warn the current enthusiasm may not last. Brian Huang, co-founder of investment platform Glider, noted: “The core of investing boils down to growth potential and which builders are building on the blockchain. When we look at the builders a16z is betting on, XRP doesn’t even crack the list.” Huang’s skepticism stems from a lack of builders in XRP’s ecosystem. “Builders creating infrastructure and apps drive ecosystem growth and boost the value of the underlying token,” he explained. “Without builders, XRP’s growth will be extremely limited. Most big institutions don’t even view Ripple-linked XRP as a serious project — and the institutional investors who hold most crypto ETFs may be reluctant to add XRP, since they see it as a meme coin.”
