XRP Is A Threat To Wall Street’s Stronghold, CEO Warns

According to comments made at the Ripple Swell conference, Canary Capital CEO Steven McClurg said the XRP Ledger is lining up as a set of financial rails that could rival legacy systems on Wall ￰0￱ Reading: ‘Good News’ Finally Arrives For SHIB Army As Team Unveils New Update He argued the ledger’s payment features make it a practical tool for moving money across ￰1￱ remarks come as several big fund managers update filings for potential XRP exchange-traded funds, and as traders watch for approvals that may arrive as soon as ￰2￱ Ledger Framed As Payment Rails McClurg drew on his background as an emerging-market bond manager when he pointed to high remittance costs as a clear ￰3￱ often pay between 8% and 15% to send money home, he ￰4￱ rails like the XRPL can cut those fees, the CEO added, and that use case is part of why he believes institutional interest will ￰5￱ also repeated a prediction he has made before: that XRP ETFs could see $10 billion in inflows in their first month if they launch with strong backing.

I liked the ETF session at Ripple Swell. “Way to think about XRP is to think about the XRP Ledger. It’s financial rails. A competitor to Wall Street” ￰6￱ — Vet 🏴‍☠️ (@Vet_X0) November 4, 2025 ETF Filings Gain Momentum Meanwhile, Franklin Templeton, Bitwise, and Canary Capital have updated S-1 filings tied to XRP ￰7￱ removed an 8(a) clause from its S-1, a change that reduces a procedural reason for ￰8￱ has filed a second amendment and has named key executives and counsel on its ￰9￱ participants say these moves suggest managers are preparing for a possible rollout in November, though SEC timing still ￰10￱ Utility Versus Investment Structure McClurg argued that XRP’s role as a payments token gives it a different profile from assets that rely on ￰11￱ suggested ETF holders would not face the tradeoff of missing staking yields, which has affected some Ethereum ￰12￱ claim is used to explain why an XRP ETF might attract distinct flows, rather than simply following the path of prior crypto ￰13￱ Bets And Industry Players Ripple has pushed XRPL-focused products such as RLUSD and institutional services under the Ripple Prime ￰14￱ mention partnerships with GTreasury and Rail to boost clearing and custody ￰15￱ efforts are designed to make XRPL more useful for banks and large treasuries that need predictable settlement and custody ￰16￱ Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst What Markets Might Do Traders will watch liquidity, trading spreads, and whether early ETF buyers come from corporate treasuries, family offices, or retail channels.

A large opening month inflow, like the $10 billion McClurg projected, would change short-term price ￰17￱ approval dates and fund structures will shape how fast capital ￰18￱ observers say the timing of filings and removals of delaying clauses increases the odds of visible launches this ￰19￱ image from Unsplash, chart from TradingView