Vincent Van Code, a leading XRP-focused software engineer, has underscored the role of ETFs and institutional infrastructure in driving XRP adoption. He pointed out that major firms often encounter operational and compliance hurdles when directly holding XRP, making ETFs and public companies that hold XRP more viable for institutional investors. Evernorth, supported by Ripple, is set to acquire $1 billion in XRP to establish the largest institutional XRP treasury, with the merger anticipated to finalize in Q1 2026. Van Code acknowledged that while the immediate price impact may be limited, the long-term potential for XRP adoption is substantial.