Canary Capital CEO: XRP ETF Can Attract $5 Billion in the First Month

Interest in a potential XRP exchange-traded fund (ETF) is gaining momentum as the conversation expands across both financial and crypto ￰0￱ Queen (@crypto_queen_x), a well-known influencer in the community, recently highlighted comments about XRP ETFs from Canary Capital CEO Steven McClurg during an interview with Paul ￰1￱ discussion centered on the possibility of an XRP ETF and its market impact, setting the stage for speculation about approval odds, which markets currently place at around 86% on ￰2￱ Capital CEO says $XRP ETF can do $5 BILLION in the first month!! THIS IS HUGGGGE ￰3￱ — XRP QUEEN (@crypto_queen_x) August 29, 2025 McClurg’s View on Market Potential In the interview, McClurg was asked about his earlier projection that an XRP ETF could generate $5 billion in inflows during its first ￰4￱ affirmed his outlook, stating, “I really am,” when pressed if he still stood by the ￰5￱ explained that in financial circles, XRP enjoys broad recognition and could potentially rank ahead of Ethereum in terms of institutional ￰6￱ believes XRP is the most well-known cryptocurrency on Wall Street other than Bitcoin, adding that the asset may outperform Ethereum from a “pure financial services standpoint.” This perspective aligns with the growing optimism among investors who see XRP’s positioning in traditional finance as a strong foundation for ETF ￰7￱ Applications Before the SEC The discussion comes as the ￰8￱ and Exchange Commission (SEC) faces several pending applications for spot XRP ￰9￱ Bitcoin and Ethereum have seen these products approved over the past few years, the SEC has yet to approve spot XRP ETFs and has constantly extended the decision ￰10￱ participants argue that XRP could be a viable candidate given its liquidity and established presence on regulated ￰11￱ also referenced comments from Bloomberg analysts predicting that regulated XRP futures could pave the way for ETF ￰12￱ that these products have launched successfully, he believes ETFs will be approved in ￰13￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 October Deadlines Could Be Key The SEC has already postponed decisions on multiple ETF proposals, pushing final deadlines into ￰14￱ participants see this as a critical window that could determine the pace of approvals for spot XRP ￰15￱ confidence growing in prediction markets and influential industry voices highlighting XRP’s potential, attention now turns to the SEC’s upcoming ￰16￱ approval is granted, the first spot XRP ETF could mark a significant step for the asset’s integration into mainstream ￰17￱ the high anticipation, these products could easily break the $5 billion inflow target set by ￰18￱ : This content is meant to inform and should not be considered financial ￰19￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰20￱ are advised to conduct thorough research before making any investment ￰21￱ action taken by the reader is strictly at their own ￰22￱ Tabloid is not responsible for any financial ￰23￱ us on X , Facebook , Telegram , and Google News