In a recent interview shared by Paul Barron, CEO of Canary Capital, Steven McLurg argued that an XRP ETF has a unique potential to outperform its rivals.
"There is now a clear legal precedent establishing that XRP is not a security. It could easily become a fund under Law 33. Of all the pending products, I believe the XRP ETF will be the one that gains momentum."
His comments stand out at a time when cryptocurrency investors are closely monitoring developments surrounding the ETH ETF and SOL ETF proposals, both considered key next steps after the Bitcoin ETFs.
Paul Barron also highlighted during the interview the cumulative effect of Fedwire's adoption of the ISO 20022 standard. On July 14, the Federal Reserve's Fedwire payment network announced the formal adoption of the ISO 20022 standard, allowing same-day settlement of trillions of daily transactions, including central bank reserves and Treasury securities.
Industry analysts emphasize that XRP, thanks to Ripple's infrastructure, is one of the few assets specifically designed for large-scale, real-time cross-border settlement. Neither the ETH nor SOL ETF reports can indicate a comparable real payment use case, reinforcing the opinion of the CEO of Canary Capital.