- Canary Capital CEO Steve McClurg predicts XRP ETFs could see $5B inflows in their first month, surpassing both Bitcoin and Ethereum ETF launches.
- Ethereum ETFs have struggled with $483M in outflows, while XRP’s real-world use in cross-border payments gives it stronger institutional appeal.
- Analysts suggest XRP could rally to $26 per coin if ETF approval and inflows materialize, pushing its market cap near $1.36 trillion.
Steve McClurg, the CEO of Canary Capital, is setting bold expectations for XRP’s future on Wall Street. He believes XRP-based ETFs could pull in $5 billion in inflows in just the first 30 days, easily outshining Ethereum’s ETF debut and even surpassing Bitcoin’s early run. Speaking in a Friday interview, McClurg made it clear he sees XRP not just as another altcoin, but as a financial instrument built for serious utility.
XRP ETFs Poised to Outpace Bitcoin and Ethereum Launches
McClurg suggested that XRP ETFs could “outperform anything we’ve seen so far,” projecting inflows larger than Bitcoin’s $3.26 billion haul during its first month of ETF trading. His reasoning rests on XRP’s reputation as one of the most widely recognized assets on Wall Street outside of Bitcoin itself. What sets XRP apart, he argued, is its entrenched role in cross-border payments—a real financial use case that institutions can actually leverage.
Backing up his optimism is the XRP Army, the project’s famously loyal retail base. Teucrium CEO Sal Gilbertie summed it up best: “They call it the XRP Army for a reason.” McClurg believes their influence, combined with institutional appetite, could create immediate momentum when an ETF goes live.
Ethereum ETFs Face Weak Demand, Net Outflows
Meanwhile, Ethereum ETFs have stumbled out of the gate. Despite early hype, ETH spot ETFs recorded net outflows of $483 million in July 2024. Even one month after launch, an extra $5.7 million was pulled, with much of the weakness tied to investors exiting the Grayscale Ethereum Trust. By contrast, McClurg believes XRP will have stronger staying power due to its unique appeal as a financial settlement asset, not just a speculative vehicle.
He also pointed to XRP’s existing futures products as evidence that regulators and institutions are already comfortable with the asset. This infrastructure, he argued, makes it a natural candidate for a spot ETF approval that can deliver steady inflows.
Road Ahead: XRP ETF Approval Could Push Price to $26
The probability of an XRP ETF approval in 2025 has inched upward, rising from 86% to 87% according to Barron. McClurg anticipates XRP’s ETF will arrive alongside other contenders like Solana, HBAR, and Litecoin, but he believes XRP is the most likely to move first.
If the inflow forecasts are correct, analysts suggest XRP could climb to $26 per token, driving its market cap to nearly $1.36 trillion. McClurg’s prediction underscores what many in the market already feel: XRP ETFs could mark a turning point, not just for the token itself, but for crypto’s integration into mainstream financial products.
