隨著 100 倍溢價 ETF 的投機出現，XRP 社群掀起炒作熱潮

Chad Steingraber 提出的推測場景在 XRP 社群中引發了興奮。 Steingraber 設想，在機構興趣增加和反映 Grayscale Litecoin Trust 溢價的推動下，假設的 XRP 交易所交易基金 (ETF) 的交易價格將大幅溢價 100 倍，達到每股 500 美元。然而，Steingraber 警告說，這樣的溢價是投機性的，實體存款的可能性仍然不確定，XRP ETF 的批准取決於 SEC 的自由裁量權並受到競爭的影響。

XRP Community Buzzes with Speculation of a Potential ETF with a 100x Premium

XRP 社群熱衷於猜測具有 100 倍溢價的潛在 ETF

The XRP community has been abuzz with excitement following speculative comments made by industry veteran Chad Steingraber, who proposed the possibility of an XRP exchange-traded fund (ETF) trading at a remarkable 100x premium.

在業界資深人士 Chad Steingraber 發表投機性評論後，XRP 社群感到興奮不已，他提出了 XRP 交易所交易基金 (ETF) 以 100 倍溢價進行交易的可能性。

Steingraber, renowned for his expertise as a game designer, ignited a flurry of discussions by presenting a hypothetical analysis of the potential trajectory of an XRP ETF, a topic of particular relevance given the growing institutional interest in XRP, the versatile cryptocurrency.

Steingraber 以其作為遊戲設計師的專業知識而聞名，他對 XRP ETF 的潛在軌跡進行了假設分析，引發了一系列討論，考慮到機構對多功能加密貨幣 XRP 的興趣日益濃厚，這個話題尤其相關。

At the core of Steingraber's speculation lies the projected trading price of a hypothetical XRP ETF's shares. Assuming that XRP reaches an unprecedented value of $5 per token, Steingraber's scenario envisions the corresponding ETF soaring to a staggering $500 per share. Notably, this astronomical premium would not necessarily require a significant increase in the underlying asset price.

Steingraber 猜測的核心在於假設的 XRP ETF 股票的預期交易價格。假設 XRP 達到前所未有的每枚代幣 5 美元的價值，Steingraber 的設想是相應的 ETF 將飆升至驚人的每股 500 美元。值得注意的是，這種天文數字的溢價不一定需要標的資產價格大幅上漲。

The substantial premium, according to Steingraber, would result from increased institutional demand for the ETF. He draws parallels to the Grayscale Litecoin Trust (LTCN), where despite Litecoin's market price hovering around $95, investors pay a substantial premium of over $250 for each Litecoin equivalent within the trust, a phenomenon he anticipates echoing in a potential XRP ETF.

Steingraber 表示，大幅溢價是由於機構對該 ETF 的需求增加所致。他將灰階萊特幣信託(LTCN) 與灰階萊特幣信託(LTCN) 進行了比較，儘管萊特幣的市場價格徘徊在95 美元左右，但投資者為信託內的每個萊特幣等價物支付了超過250 美元的巨額溢價，他預計這種現象將在潛在的XRP ETF 中得到體現。

Steingraber's bold prediction has ignited discussions of potential arbitrage opportunities. Following his provocative post, a user named Zack questioned whether XRP holders could capitalize on the price disparity. Steingraber acknowledged this possibility, especially if the hypothetical ETF permitted in-kind deposits, allowing investors to exchange their XRP tokens directly for ETF shares.

斯坦格拉伯的大膽預測引發了對潛在套利機會的討論。在發表了具有挑釁性的貼文後，一位名叫 Zack 的用戶質疑 XRP 持有者是否可以利用價格差異。 Steingraber 承認這種可能性，特別是如果假設的 ETF 允許實體存款，允許投資者將 XRP 代幣直接兌換成 ETF 份額。

However, Steingraber cautioned that in-kind deposits remain a relatively rare feature in the current ETF market. While there is optimism for future adoption of this mechanism, its current scarcity poses a constraint on potential arbitrage opportunities.

然而，Steingraber 警告說，實體存款在當前 ETF 市場中仍然是一個相對罕見的特徵。儘管人們對未來採用這種機制持樂觀態度，但其目前的稀缺性限制了潛在的套利機會。

Steingraber's vision has rekindled the XRP community's enthusiasm for an XRP ETF, with calls for asset managers, particularly industry giants like BlackRock, to take action. There is widespread belief that an XRP ETF would significantly enhance the cryptocurrency's value by increasing its accessibility to institutional investors.

Steingraber 的願景重新點燃了 XRP 社群對 XRP ETF 的熱情，並呼籲資產管理公司，尤其是貝萊德等行業巨頭採取行動。人們普遍認為，XRP ETF 將透過增加機構投資者的投資機會來顯著提高加密貨幣的價值。

It is crucial to note that Steingraber's projection is purely speculative. Currently, no asset managers have taken concrete steps towards establishing an XRP ETF. Furthermore, the rationale for such an astronomical premium hinges on an assumption of robust institutional demand, a factor that remains uncertain.

值得注意的是，斯坦格拉伯的預測純粹是推測性的。目前，還沒有資產管理公司採取具體措施建立 XRP ETF。此外，如此天文數字的溢價的理由取決於機構需求強勁的假設，這一因素仍然不確定。

Moreover, the applicability of the Grayscale Litecoin Trust comparison warrants further scrutiny. The unique dynamics and characteristics of a potential XRP ETF would significantly influence whether a similar premium would materialize.

此外，灰階萊特幣信託比較的適用性值得進一步審查。潛在 XRP ETF 的獨特動態和特徵將顯著影響類似溢價是否會實現。

Investors are advised to approach this captivating prediction with a balanced perspective, acknowledging its speculative nature. The approval of an XRP ETF ultimately lies with the US Securities and Exchange Commission (SEC), whose stance on cryptocurrency ETFs plays a pivotal role. Additionally, there are other contenders for ETFs in the pipeline, which could impact the achievable premium.

建議投資人以平衡的視角看待這個令人著迷的預測，並承認其投機性質。 XRP ETF 的批准最終取決於美國證券交易委員會（SEC），其對加密貨幣 ETF 的立場起著關鍵作用。此外，還有其他 ETF 競爭者正在醞釀中，這可能會影響可實現的溢價。