Well, folks, it seems the world of cryptocurrency is about to get a whole lot more interesting, or at least that’s what Steven McClurg, the CEO of Canary Capital, is telling us. According to McClurg, XRP is not just sitting on the sidelines; it’s gearing up to join the ETF club, and it’s doing so with a flair that could make Bitcoin and Ethereum look like the new kids on the block. 🚀
McClurg, who’s no stranger to the crypto scene, has been keeping a close eye on the U.S. Securities and Exchange Commission (SEC). It turns out, the SEC is working on some guidelines that will determine which cryptocurrencies can join the ETF party. Bitcoin and Ethereum have already snagged their VIP passes, but XRP is looking more and more like the next in line to get its golden ticket. 🎟️
Court Ruling Clears the Way
One of the biggest hurdles for XRP has been cleared thanks to a court ruling that declared XRP is not a security. This decision is like the SEC saying, “Alright, XRP, you can come to the dance, but no funny business!” 🕺 McClurg believes this ruling will make it much easier for XRP to slide into an ETF without any regulatory hiccups.
“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, with a confidence that could only come from someone who’s been in the game for a while.
Institutions Could Back XRP in a Big Way
When asked which crypto ETFs might attract the most investor interest after Bitcoin and Ethereum, McClurg didn’t hesitate to point to XRP. While retail investors might still be swooning over Solana, McClurg sees XRP as the darling of financial institutions and advisors. 🏦
He even went as far as to predict that, over time, XRP could end up with more assets under management (AUM) than Ethereum. Why? Because XRP is all about financial services and payment solutions, which is like bringing a steak knife to a butter knife fight. 🥩
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2025-07-15 12:32