XRP ETF Will Outperform Ethereum ETF Without a Doubt – Canary Capital CEO

Expectations for a Ripple exchange-traded fund have surged after the legal battle between Ripple and the U.S. Securities and Exchange Commission came to an end. According to Polymarket, the chance of SEC approval for an XRP ETF has now risen to 77 percent.

According to Canary Capital CEO Steven McClurg, the XRP ETF would outdo Ethereum ETF with conviction. He elucidated that XRP cannot offer staking rewards; thus, the ETF buyers are not going to lose the extra income. Instead, Ethereum owners can stake the coins at a two-to three percent rate, which might make holding up the ETH more appealing than buying its ETF.

McClurg also emphasized XRP’s leadership in cross-border payments. Its network is relatively cheap, does not have a high price in the niche, and is relatively fast compared to Ethereum, where the number of smart contracts is too high. He added that such direct market positioning would attract quality institutional attention.#Ripple #exchange