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- Canary Capital CEO projects $5B in XRP ETF inflows during first month.
- XRP could outperform Ethereum ETFs due to popularity and payment utility.
- Analysts say strong inflows could push XRP price to $26 and $1.3T market cap.
Canary Capital CEO Steve McClurg has doubled down on his bold forecast for the upcoming U.S. XRP spot ETFs, predicting they will be “an instant success” with $5 billion in inflows within their first month of trading. If correct, this would make XRP ETFs the strongest-performing crypto investment product to date, surpassing both Bitcoin and Ethereum’s debuts.
XRP ETFs to Attract $5B in First Month
McClurg’s confidence comes from comparisons with past launches. Bitcoin spot ETFs generated $1.46 billion in net inflows in January 2024, growing to $3.26 billion a month later. Ethereum spot ETFs, by contrast, struggled with outflows—losing $483 million in July 2024 and another $5.7 million in the following month, largely due to exits from the Grayscale Ethereum Trust.
By contrast, McClurg expects XRP ETFs to launch to much stronger demand. With Barron’s raising the probability of an XRP ETF approval in 2025 from 86% to 87%, optimism around regulatory clearance is rising. McClurg added that futures-based XRP products already exist, a factor that could help smooth the approval process for spot ETFs.
Why XRP Could Outperform Ethereum ETFs
McClurg highlighted several reasons why XRP ETFs could outperform Ethereum ETFs. He argued that aside from Bitcoin, XRP is the most popular cryptocurrency on Wall Street. This, combined with the “XRP Army,” one of the most active communities in crypto, could drive exceptional demand from day one.
He also emphasized XRP’s distinct utility in financial services. Unlike Ethereum, which supports a broad ecosystem of decentralized applications, XRP is laser-focused on cross-border payments and settlement—a niche where it already leads. McClurg believes this clear use case makes XRP more attractive for institutional adoption.
Teucrium CEO Sal Gilbertie echoed this sentiment, noting the strength of XRP’s community. “They call it the XRP Army for a reason,” he said, suggesting that retail enthusiasm will reinforce institutional demand.
Potential Price Impact
Market analysts suggest that if XRP ETFs achieve McClurg’s projected $5 billion inflow, XRP’s price could climb significantly, potentially reaching $26 per coin with a market cap above $1.3 trillion. Such a move would cement XRP as a dominant player in the ETF race and could reshape its positioning in global finance.
While skeptics argue McClurg’s projections are overly ambitious, his confidence highlights the growing belief that XRP ETFs could make history. If approval comes in 2025, XRP may not only break new ground in ETF performance but also strengthen its case as the financial services token of choice.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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