In a recent interview with Paul Barron, Canary Capital CEO Steven McLurg shared some bold thoughts about the future of crypto ETFs. Speaking to Coin Gape, McLurg said that the potential XRP ETF outperformance could surpass both Ethereum (ETH) and Solana (SOL) ETFs.
According to McLurg, the main reason is legal clarity. “There’s now a clear court precedent that XRP isn’t a security,” he said. This refers to the 2023 court ruling in the SEC’s case against Ripple, where the judge decided that XRP sales on crypto exchanges aren’t considered securities. This decision gives XRP a clear advantage when it comes to getting approval for a U.S. spot ETF.
Why XRP Could Lead the ETF Race
McLurg explained that because XRP is no longer stuck in legal limbo, it could be more easily packaged into a fund under the 1933 Securities Act, which governs most traditional investment funds in the U.S. In contrast, Ethereum and Solana still face questions from regulators about whether they’re securities or commodities.
But it’s not just about regulations. McLurg believes that XRP has stronger real-world use than many other coins. XRP was built with one reason in mind and that is to make sending money across borders fast and affordable. That’s why it’s become a favorite among banks and financial companies that need a more reliable way to move money around the world without the usual delays and high fees.
Real Utility Matters to Investors
Unlike Ethereum, which is mainly used for smart contracts and decentralized apps, or Solana, known for its speed in gaming and NFTs, XRP already supports global money transfers. Through RippleNet, XRP is being used by banks and remittance companies to send money across borders, in real time and at a lower cost.
That kind of utility matters, especially to institutional investors. Many are looking for crypto assets that solve real problems, not just trendy projects. And with the legal green light now in place, XRP is starting to look like a safer bet.
ISO 20022 and XRP’s Role in the New Payment Era
The conversation also highlighted a big change in U.S. banking. On July 14, the Federal Reserve’s Fedwire system officially adopted ISO 20022, a new global messaging standard for financial transactions. This change allows faster and more efficient money transfers within the traditional banking system.
Also, XRP is one of the few cryptocurrencies already built to work with ISO 20022. This means it could be even more useful as a bridge between crypto and traditional finance.
Final Thoughts
While Ethereum and Solana are still taking over headlines, XRP might just be the quiet contender in the race to launch the next big crypto ETF. With legal clarity, real-world use and growing interest from big players, XRP is in a strong spot to take the lead.
As McLurg said, XRP has the right mix of legal green lights, real-world usefulness, and global presence, basically all the things you need for a strong ETF to succeed.
The post XRP ETF Outperformance Predicted by Canary Capital CEO appeared first on Coinfomania.
