Ripple News: John Deaton Says XRP ETFs Are Coming

BitGo, a leading crypto custody and trading firm, has entered a strategic partnership with VivoPower. As part of this deal, VivoPower will use BitGo’s exclusive over-the-counter (OTC) trading services to purchase $100 million worth of XRP tokens. This move is part of VivoPower’s new treasury strategy, following its successful $121 million fundraising round.

A Sign of Growing Interest in Altcoin Treasury Holdings

This step by VivoPower marks one of the first major corporate treasury allocations into XRP — a move that mirrors what companies like MicroStrategy did with Bitcoin. By holding crypto assets as part of their corporate reserves, firms aim to diversify and potentially benefit from the growing digital asset market.

John Deaton’s Take on the Bigger Picture

Reacting to the news, Pro-XRP attorney and expert John Deaton connected this development to a broader trend. He recalled how, after the long-awaited approval of Bitcoin Spot ETFs, he had predicted that ETFs for other altcoins like ETH, XRP, and SOL would eventually follow.

After the Bitcoin Spot ETF was finally granted (more like demanded – after being forced to fight Gensler’s Bad Faith @SECGov, which was found to have acted “arbitrary and capricious” in denying one), I said that I had zero doubts about Alt-Coin ETFs eventually following – and not… https://t.co/nDp5lnpUNk

— John E Deaton (@JohnEDeaton1) June 2, 2025

While some doubted him at the time, Deaton’s reasoning was based on a simple observation: once Bitcoin ETFs proved to be massively successful — even becoming some of the best-performing ETFs in history — Wall Street would naturally look to replicate that success with other digital assets.

Companies Copying the Bitcoin Treasury Model

Deaton also explained that what Michael Saylor and MicroStrategy did with Bitcoin — turning it into a corporate treasury asset — would eventually inspire other firms to do the same with select altcoins like XRP. VivoPower’s move seems to be the first public example of this trend taking shape.

Greed Drives Innovation

Deaton was clear that he isn’t endorsing or celebrating these actions, but rather showing how financial incentives and Wall Street’s appetite for profits often predict market shifts before regulations or public sentiment catch up.

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