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2025-08-30 17:02:23

Canary Capital CEO: XRP ETF Can Attract $5 Billion in the First Month

Interest in a potential XRP exchange-traded fund (ETF) is gaining momentum as the conversation expands across both financial and crypto circles. XRP Queen (@crypto_queen_x), a well-known influencer in the community, recently highlighted comments about XRP ETFs from Canary Capital CEO Steven McClurg during an interview with Paul Barron. Their discussion centered on the possibility of an XRP ETF and its market impact, setting the stage for speculation about approval odds, which markets currently place at around 86% on Polymarket . Canary Capital CEO says $XRP ETF can do $5 BILLION in the first month!! THIS IS HUGGGGE pic.twitter.com/3oKGcU1QBz — XRP QUEEN (@crypto_queen_x) August 29, 2025 McClurg’s View on Market Potential In the interview, McClurg was asked about his earlier projection that an XRP ETF could generate $5 billion in inflows during its first month. He affirmed his outlook, stating, “I really am,” when pressed if he still stood by the figure. McClurg explained that in financial circles, XRP enjoys broad recognition and could potentially rank ahead of Ethereum in terms of institutional interest . He believes XRP is the most well-known cryptocurrency on Wall Street other than Bitcoin, adding that the asset may outperform Ethereum from a “pure financial services standpoint.” This perspective aligns with the growing optimism among investors who see XRP’s positioning in traditional finance as a strong foundation for ETF adoption. Pending Applications Before the SEC The discussion comes as the U.S. Securities and Exchange Commission (SEC) faces several pending applications for spot XRP ETFs. While Bitcoin and Ethereum have seen these products approved over the past few years, the SEC has yet to approve spot XRP ETFs and has constantly extended the decision timeline . Industry participants argue that XRP could be a viable candidate given its liquidity and established presence on regulated platforms. McClurg also referenced comments from Bloomberg analysts predicting that regulated XRP futures could pave the way for ETF approval . Now that these products have launched successfully, he believes ETFs will be approved in 2025. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 October Deadlines Could Be Key The SEC has already postponed decisions on multiple ETF proposals, pushing final deadlines into October. Market participants see this as a critical window that could determine the pace of approvals for spot XRP ETFs . With confidence growing in prediction markets and influential industry voices highlighting XRP’s potential, attention now turns to the SEC’s upcoming rulings. If approval is granted, the first spot XRP ETF could mark a significant step for the asset’s integration into mainstream finance. With the high anticipation, these products could easily break the $5 billion inflow target set by McClurg. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Canary Capital CEO: XRP ETF Can Attract $5 Billion in the First Month appeared first on Times Tabloid .

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