XRP ETF to Outperform Ethereum ETFs? Canary Capital CEO Says “Absolutely”
0
0

- Odds of XRP ETF approval have surged after Ripple-SEC progress.
- Experts believe XRP ETF could perform better than Ethereum ETF.
- CEO Steven McClurg outlines three main reasons for this belief.
The possibility of a Ripple (XRP) exchange-traded fund (ETF) has been making headlines in the crypto world. On August 8, the odds of the U.S. Securities and Exchange Commission (SEC) approving an XRP ETF briefly jumped to nearly 90%, after the Ripple-SEC legal battle officially ended. Bloomberg analysts now predict that the approval odds are close to 95%.
If it gets approved, experts believe an XRP ETF could actually outperform the new Ethereum ETF. Canary Capital CEO Steven McClurg just laid out three clear reasons why:
1. XRP Has No Staking Disadvantage
Ethereum allows investors to earn a 2%–3% annual yield by staking their coins directly on exchanges or blockchain platforms. This means that crypto-savvy investors may see little reason to buy an ETH ETF, as holding ETH directly can generate extra income.
XRP, on the other hand, does not offer staking rewards, so buying an XRP ETF doesn’t come with any opportunity cost.
The other side. Ethereum’s stakin…
The post XRP ETF to Outperform Ethereum ETFs? Canary Capital CEO Says “Absolutely” appeared first on Coin Edition.
0
0
Securely connect the portfolio you’re using to start.