XRP Set to Join Bitcoin and Ethereum in ETF Club; CEO of Canary Capital Says ‘Ripple is Paving The Way’

The post XRP Set to Join Bitcoin and Ethereum in ETF Club; CEO of Canary Capital Says ‘Ripple is Paving The Way’ appeared first on Coinpedia Fintech News

The conversation around a possible XRP Exchange-Traded Fund (ETF) is taking shape once again. According to Steven McClurg, CEO of Canary Capital, XRP is in a strong position to be included in the next wave of crypto ETFs when regulators give the green light.

McClurg explained that the U.S. Securities and Exchange Commission (SEC) is currently working on guidelines to decide which cryptocurrencies can be added to ETFs. While Bitcoin and Ethereum have already secured their spots, XRP is quickly becoming one of the most likely candidates for future approval.

Court Ruling Clears the Way

One big reason for this prediction is the clear court ruling that XRP is not a security. This decision has removed one of the biggest obstacles standing in the way of an ETF approval. McClurg believes this will allow XRP to be smoothly added to an ETF under existing regulations.

“I firmly believe that Ripple is paving the way on a lot of other different things here. And obviously the connection with XRP, so I believe that XRP will be one of those tokens that will be in an ETF when all of this launches,” McClurg said.

Institutions Could Back XRP in a Big Way

When asked which crypto ETFs might attract the most investor interest after Bitcoin and Ethereum, McClurg pointed to XRP. While retail investors may continue leaning toward Solana on crypto exchanges, McClurg sees XRP as a favorite among financial institutions and advisors.

He predicts that, over time, XRP could even gather more assets under management (AUM) than Ethereum, especially because of its strong focus on financial services and payment solutions.