XRP ETF Prediction: Canary Capital CEO’s Shocking Forecast Could Change Crypto Forever!

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Canary Capital CEO Drops Shocking <a href="https://pricpr.com/xrp-usd/">XRP</a> ETF Prediction: Why It’s A Big Deal

I recently spoke with Steven McClurg, co-founder and CIO of Canary Capital, and he shared a very optimistic view on the potential for a US-based XRP exchange-traded fund. He envisions a future crypto-ETF market where a few major players – large-cap assets – will ultimately dominate.

Spot XRP ETFs Will Shock Wall Street

In a conversation with Paul Barron, McClurg revised his earlier prediction for how much money would flow into an XRP ETF quickly. He now believes the initial inflows could be as high as $10 billion, twice the $5 billion he had previously estimated, which he described as a more cautious outlook.

When asked if his earlier prediction of $5 billion in first-month sales still seemed likely, McClurg admitted he might have been too pessimistic. However, he added that he’d stick with the $5 billion figure, reasoning that even if sales reached $10 billion, his original assessment would still be proven correct.

He predicted that initial demand for XRP could be very high, potentially reaching two to three billion dollars on its first day. He pointed to the launch of the first US bitcoin futures ETF as a comparison, noting it saw over a billion dollars in investments on its debut – one of the biggest launches for any ETF.

According to a Canary Capital executive, while the approval of crypto ETFs will expand options, it won’t be unlimited. Despite predictions of many new ETFs covering various digital assets, he pointed out that standard listing requirements and actual investor interest will limit the number. He estimates only 14 to 15 cryptocurrencies currently meet those standards, with perhaps another 5 to 10 qualifying later. He compared the situation to the precious metals market, where only a few commodities consistently attract ETF investment, suggesting that around 25 crypto ETFs will likely be the most we see.

McClurg predicts that the distribution of assets in crypto ETFs will likely follow the pattern seen in spot Bitcoin and Ether ETFs. When asked if diversified ETF baskets will outperform funds focused on single cryptocurrencies, he stated that major coins like Bitcoin, Ethereum, XRP, and Solana will likely attract more investment than any single basket. However, he believes baskets will be the next most popular option after those four. He also revealed that Canary is creating a crypto index focused on U.S.-based assets—a filing for which has already been made—and confirmed that XRP will be included, though he didn’t disclose the specific weighting until the index is officially released.

The discussion kept coming back to how different agencies were working together and when things would happen, particularly because of the recent federal government shutdown. McClurg explained that the shutdown had paused many SEC projects, including the review of new company registration statements. He predicted significant delays, dismissing suggestions that applications for Solana ETFs would be approved within days while government employees were on leave. However, he still believes most of the crypto ETF applications will be approved this year, provided the shutdown doesn’t last too long.

Why XRP?

As a crypto investor, I’m really watching XRP closely, and what I find compelling isn’t just the potential for an ETF, but its actual usefulness. I got into blockchain originally because I saw how expensive sending money across borders can be – those fees are outrageous! XRP is trying to solve that problem, and that’s a huge advantage. I think that real-world utility, especially for cross-border payments, is what will ultimately drive its success, and it’s something XRP has over a lot of other projects looking for ETF approval. It’s a bit of a hidden strength, honestly.

As a researcher following Ripple, I recently spoke with McClurg about the changes in leadership roles, specifically David Schwartz moving from CTO to focus on the XRPL. He didn’t believe this would significantly impact the market. He emphasized that David remains involved, still serving on the board, and actually views this as a positive development. He thinks it allows for new leadership to step in after a difficult period for the company.

Regarding long-term trends and market cycles, McClurg presented a cautious outlook. He believes the typical four-year cycle for cryptocurrencies will continue, but its impact will likely lessen as the overall market value increases – a natural consequence of growth. Despite some predictions of much higher prices, his year-end target for Bitcoin remains $140,000. He admitted this might seem conservative, but emphasized that significant effort will be needed to drive the price much higher.

He predicts the market rally could continue into the first half of next year, as long as there’s enough money flowing and interest rate policies remain supportive. He also suggests a change in the Federal Reserve chair next May might initially boost the market, as investors anticipate larger interest rate cuts, but that boost could be short-lived. Additionally, he’s watching for signs of slowing spending by US consumers – like fewer reservations at restaurants, airlines, and hotels – which could become a significant problem for investments if the trend continues.

At press time, XRP traded at $2.97.

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2025-10-06 11:36