Canary Capital CEO predicts XRP ETFs will outperform ETH ETFs after SEC confirms XRP lawsuit end, raising hopes for 2025 launch.
According to Canary Capital CEO Steven McClurg, when XRP ETFs first hit the market, they might do better than ETH ETFs.
Many investors were relieved when the SEC formally announced that the XRP case was over.
Canary Capital CEO Believes That XRP ETFs Are Superior To ETH ETFs
In a recent interview with Paul Barron, Canary Capital CEO Steven McClurg stated that he anticipates XRP ETF products will perform better than ETH ETFs.
He went on to list three key elements: community strength, market positioning, and yield structure.
Canary Capital CEO McClurg contended that Ethereum’s staking capabilities hamper an ETH ETF’s success.
Holding ETH directly can offer 2–3% yields for many crypto-native investors.
ETF investors aren’t losing out on return prospects by selecting a fund structure because XRP does not offer staking rewards.
Canary Capital CEO further underlined that XRP leads its category as a blockchain made for financial services rails.
He emphasized institutional settlement, remittances, and cross-border payments.
“When there’s a clear leader in a category, it tends to win,” McClurg said, comparing XRP’s role in payments to Bitcoin’s role as a store of value.
McClurg notably emphasized the strength and fervor of the XRP community.
He suggested that strong institutional and retail demand could result in healthy ETF inflows.
He even went so far as to predict that a recently introduced XRP ETF may receive $5 billion in inflows in its first month, outperforming ETH’s initial results.
These remarks followed rumors that BlackRock might file for an XRP ETF.
McClurg, whose company has applied for an XRP ETF, said he is confident it will launch soon.
He declared that the product will be released before the year ends.
McClurg also covered the technical facets of introducing an XRP ETF.
For these funds to track the underlying asset, a trustworthy pricing mechanism, or “reference rate,” is necessary.
Although certain ETFs use CME benchmarks, Canary Capital intends to employ indices from a different platform.
He said it provides more in-depth coverage of crypto-native markets.
SEC Verifies End Of XRP Lawsuit
The U.S. Securities and Exchange Commission (SEC) has officially filed to terminate its appeal case against Ripple following years of legal fights.
This effectively ended one of the most well-known cryptocurrency lawsuits.
In a recent X post, SEC Commissioner Hester Peirce openly acknowledged the development.
Last week, the SEC’s case against Ripple was finally laid to rest. A welcome development for many reasons, including that minds once occupied with litigation now can concentrate on creating a clear regulatory framework for crypto.
Many people were still skeptical that the XRP lawsuit was over when this happened.
An Australian lawyer, Bill Morgan, acknowledged the mistrust and assured those who doubted that the matter was officially concluded.
There is little question that the litigation is officially over because it has been confirmed twice by a legal expert and a current SEC Commissioner.
This makes it possible for Ripple and XRP to proceed without worrying about regulatory lawsuits.
