As Solana secures a $500 million strategic investment, the XRP community is growing increasingly expectant of a similar “XRP strategy.” Experts are emphasizing the need for a full-scale shift toward institutional investment.
According to crypto news outlet TheCryptoBasic on April 24 (local time), Dom Kwok, co-founder of EasyA Labs, remarked, “When will a strategy for investing in XRP emerge?” He highlighted XRP’s relative absence compared to Solana’s recently announced strategy. This was in response to SOL Strategies, a Canadian firm, announcing a $500 million raise through staking-based convertible bonds.
SOL Strategies plans to deploy $20 million by May 1, with the remaining $480 million to be invested gradually. The funds will be used to purchase SOL, with staking profits linked to interest payments on the convertible bonds. Separately, DeFi Dev Corp recently acquired $11.5 million worth of SOL as part of its “Solana Treasury Strategy.”
In contrast, a similar strategic approach for XRP has yet to gain traction. However, several asset managers in the U.S. are applying for XRP ETFs, with some aiming for a launch by the end of this year. Currently, U.S.-listed XRP ETFs are leveraged products that do not directly hold XRP.
Outside the U.S., XRP investment funds already exist, but their scale is relatively small compared to SOL or Bitcoin (BTC). According to a recent CoinShares report, XRP saw $37.7 million in inflows last week, while Bitcoin recorded $6 million in outflows and Ethereum (ETH) saw $26 million in outflows.
In Japan, demands for an XRP strategy are becoming more concrete. GAM Investment has formally proposed that SBI Holdings, a major Japanese financial conglomerate, establish an XRP strategy. This includes a buyback program modeled after MicroStrategy’s BTC acquisition approach, as well as requests for transparency regarding XRP holdings and net asset value (NAV).
