Steven McClurg, CEO of Canary Capital, recently made a bold prediction about XRP’s ETF in an interview with Paul Barron, shared by @JackTheRippler on X. McClurg stated that XRP’s ETF will likely “double what Solana did,” suggesting it could experience significantly higher inflows and trading volumes compared to Solana’s ETF.
XRP’s market cap is currently about 50% larger than Solana’s, but McClurg highlighted that the real difference lies in the type of investors each asset attracts. While Solana is primarily seen as a retail-focused token, XRP has garnered strong interest from institutional investors and enterprise sectors. This institutional appeal could drive XRP’s ETF to see much higher inflows, despite the market cap difference.
XRP’s Institutional Appeal Fuels Bullish Outlook
McClurg also pointed to the recent success of the HBAR ETF, which saw $70 million in inflows within just three days. While HBAR isn’t as widely popular among retail investors, its strong institutional backing contributed to its success. McClurg believes XRP, with its established presence in financial services, is positioned to receive similar, if not greater, institutional support for its ETF.
The XRP community has reacted enthusiastically to McClurg’s bullish remarks, expressing confidence in XRP’s ETF outperforming others in the market. Many believe that XRP’s appeal to institutional investors will translate into higher trading volumes and assets under management (AUM), which could further solidify its position in the digital asset market.
Mixed Community Reactions to McClurg’s Bold Prediction
However, reactions from the broader community have been mixed. Lucas Martinet, a notable figure on X, pointed out that McClurg’s prediction is bold given Solana’s liquidity advantage, emphasizing that the success of XRP’s ETF will hinge on regulatory clarity. He added, “Watching closely.”
Additionally, @StockStormX expressed skepticism, suggesting that while McClurg’s bullish stance is understandable given his involvement, XRP’s ETF demand remains unproven compared to the hype surrounding Solana.
XRP’s Future: Institutional Interest and Regulatory Clarity
XRP’s positioning as an enterprise-grade token places it in a favorable position to attract institutional capital, making its ETF launch one to watch. With McClurg’s optimistic outlook, expectations for XRP’s ETF are high, though many are awaiting further clarity from regulatory authorities.