Institutional demand is significantly reducing the available supply of XRP in over-the-counter (OTC) markets and dark pools, according to Jake Claver. On a recent podcast, Claver revealed that only 1–2 billion XRP remain in these venues, with 800 million already consumed in the first week after the launch of several XRP spot ETFs. Claver predicts a price increase as the remaining supply diminishes and XRP transitions to public exchanges. This shift is expected to be fueled by growing demand and potential ETF filings from major firms such as BlackRock, Vanguard, and Fidelity.