Black Swan Capitalist founder Versan Aljarrah has issued a stark warning to the digital asset market, forecasting a future where retail investors may struggle to acquire XRP as institutional capital floods into blockchain-based liquidity infrastructure. In a recent social media post, Aljarrah argued that the current window for retail accumulation could narrow significantly if global payment systems shift toward digital settlement layers at scale. "When migration happens, you won’t be buying XRP. You’ll be competing with institutions for it," he stated, suggesting that financial institutions will secure substantial token reserves for operational liquidity, reducing readily available exchange supply.
This narrative is being reinforced by concrete on-chain data. Fresh analysis reveals that 792,000,000 XRP are now locked inside institutional ETF vaults, with the race toward one billion tokens accelerating. According to data from Sosovalue, cumulative net inflows into XRP ETFs have reached $1.24 billion as of February 26, with total net assets standing at $1.02 billion—representing 1.19% of XRP's total market capitalization. Daily net inflows recently recorded $1.22 million despite concurrent price weakness.
Three major ETF issuers form the backbone of this accumulation. Canary Capital holds 191.4 million XRP ($269.05M in net assets), Bitwise holds 188.4 million XRP ($266.66M), and Franklin Templeton controls 165.6 million XRP ($232.97M). Combined, these three entities alone custody over 545 million XRP within regulated vehicles. Analysts note that when ETFs receive inflows, they must acquire and hold XRP in custody, thereby removing those tokens from active exchange circulation. This structural shift could reduce liquid supply and potentially amplify future demand-driven price reactions, leading to discussions of a potential XRP supply shock.
