XRP ETF Will Outperform Ethereum ETF Without a Doubt – Canary Capital CEO
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- Canary Capital CEO predicts XRP ETF could surpass Ethereum ETF performance.
- Polymarket shows 77% chance of SEC approval for XRP ETF.
- Loyal XRP community may drive billions in early ETF inflows.
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.
Also Read: 208% XRP Surge in One Day – What’s Going On?
Strong Community Support Could Boost ETF Demand
The CEO also pointed to XRP’s highly loyal community as a major advantage. Often called the “XRP Army,” these supporters include both retail investors and institutions that have consistently backed the asset. McClurg feels that it may result in five billion dollars of inflows into ETFs within the first month.
Ripple’s ongoing upgrades to its payment technology have reinforced its market dominance. Together with regulatory certainty post-SEC case, these have led to investor confidence.
McClurg says with certainty that the XRP ETF will be launched this year, but he admitted that regulatory procedures are unpredictable. Investors are now paying attention to the SEC’s decision because the expected ETF may turn out to be one of the most influential releases within the cryptocurrency industry.
With a dominant niche, unwavering community backing, and high approval odds, the XRP ETF is positioned to outperform the Ethereum ETF in both demand and market impact.
Also Read: ‘The Unseen Hand of BlackRock in XRP Ledger’ – Pundit Connects Dots
The post XRP ETF Will Outperform Ethereum ETF Without a Doubt – Canary Capital CEO appeared first on 36Crypto.
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