With one of the longest-running cryptocurrency lawsuits officially over, Canary Capital CEO Steven McClurg sees a bright future for XRP ETFs – potentially even bigger than Ethereum ETFs. He believes XRP’s market position, yield structure, and strong community give it the potential to completely overshadow its rival.
Why XRP ETF Could Have the Upper Hand
In an interview with Paul Barron, McClurg explained why he believes newly launched XRP-based ETFs could outperform Ethereum-linked products:
🔹 Yield Structure: Ethereum offers staking returns of around 2–3% annually, which investors can easily capture without an ETF. XRP, on the other hand, currently has no staking rewards, meaning ETF investors don’t lose out on potential income by choosing a fund structure.
🔹 Clear Market Leadership: XRP is the dominant blockchain in financial services – covering cross-border payments, remittances, and institutional settlements.
🔹 Community Strength: McClurg highlighted the dedication and size of the XRP community, which he believes could drive massive capital inflows into a new ETF.
“When there’s a clear leader in a category, it tends to win,” McClurg said, comparing XRP’s role in payments to Bitcoin’s role as a store of value.
He estimates that a newly launched XRP ETF could attract as much as $5 billion in its first month, surpassing the initial performance of ETH ETFs. Speculation about BlackRock potentially filing for an XRP ETF only fuels this optimism.
McClurg confirmed that his firm has already filed for registration and is confident the product will hit the market by the end of 2025. He also noted that Canary Capital’s funds will use proprietary indexes rather than the commonly used CME benchmarks, aiming to provide broader cryptocurrency market coverage.
SEC Officially Ends Ripple Lawsuit
The U.S. Securities and Exchange Commission (SEC) has formally withdrawn its appeal against Ripple, officially closing one of the most high-profile crypto court cases.
SEC Commissioner Hester Peirce confirmed the news on X, stating that the case’s closure allows the agency to focus on creating clear and stable rules for cryptocurrencies.
Australian lawyer Bill Morgan added that any doubts about the lawsuit’s continuation are now unfounded – the case is completely closed.
This development clears the way for Ripple and XRP to move forward without regulatory litigation obstacles and increases the likelihood that XRP ETFs could launch as early as 2025.
#xrp , #Ripple , #etf , #SEC , #cryptotrading
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