**XRP from "Fund Phenomenon" to Sustainability Concerns: Can a $1 Billion Investment Be Maintained?**

The XRP spot ETF has just reached over $1 billion in assets under management since its launch in November 2024. This impressive figure reflects high market interest; however, behind the excitement are significant questions about sustainable growth potential.

**Skepticism from the Institutional Investor Community**

Not all investors are optimistic about this project. According to Brian Huang, co-founder of the Glider platform, the true motivation for a crypto investment must come from growth potential and especially from developers building on that blockchain. When considering the developers listed among investments from leading funds like a16z, XRP is not even named.

Huang’s perspective highlights a major concern: a lack of ecosystem builders. These developers create infrastructure and practical applications—things that can drive the entire ecosystem’s growth and increase the intrinsic value of the token.

**Ecosystem Gaps and Growth Limitations**

The absence of key builders means XRP will face significant barriers to growth. Most large investment institutions do not see XRP or Ripple as a serious long-term project. This results in a situation where institutional investors primarily hold positions in crypto ETFs—they may choose not to include XRP in their portfolios because investments in this project are often more speculative than based on real development fundamentals.

This divide between market enthusiasm and professional investor assessments will pose a major challenge for XRP’s future.