XRP现货ETF hút hơn 1 tỷ USD đằng sau: Tại sao thiếu hụt nhà xây dựng hệ sinh thái lại trở thành vấn đề cốt lõi?

【Block Rhythm】XRP spot ETF has shown impressive performance since its launch last November, attracting over $1 billion in funds in a short time, with momentum still strong. However, many industry insiders have poured cold water on the enthusiasm.

Glider, an investment platform, co-founder believes the key issue lies here: What is the growth potential? How many builders are seriously developing on the chain? After reviewing the investment layouts of top-tier VCs in the industry, the results are somewhat disheartening — XRP didn’t even make the list.

To put it bluntly, ecosystem builders are what matters. The infrastructure created by these developers and the applications they build are what can truly drive ecosystem growth and boost token value. Conversely? Without builders, growth space becomes painfully limited. Even more sobering is that many large institutions don’t take XRP seriously, even conflating it with Meme coins. Institutional investors holding various crypto ETFs are unanimous on this issue — they would rather remain cautious.

Whether this wave of ETF fundraising momentum can be sustained likely depends on whether the ecosystem can attract more capable developers. Capital inflow alone is far from enough; the real test is just beginning.