XRP ETF to Outperform Ethereum ETFs? Canary Capital CEO Says “Absolutely”
Main Idea
Experts believe an XRP ETF could outperform Ethereum ETFs due to Ripple-SEC legal progress, with Canary Capital CEO Steven McClurg outlining three key reasons for this potential outperformance.
Key Points
1. The odds of SEC approving an XRP ETF surged to nearly 95% after the Ripple-SEC legal battle ended.
2. XRP has no staking disadvantage, meaning buying an XRP ETF doesn’t come with the opportunity cost associated with Ethereum ETFs.
3. XRP is a clear category leader in fast, low-cost cross-border payments with fewer direct rivals compared to Ethereum.
4. XRP has a highly loyal and vocal community, which could drive significant ETF inflows, potentially reaching $5 billion in the first month.
5. Canary Capital CEO Steven McClurg predicts an XRP ETF will be approved this year and could surpass the early performance of the ETH ETF.
Description
Odds of XRP ETF approval have surged after Ripple-SEC progress. Experts believe XRP ETF could perform better than Ethereum ETF. CEO Steven McClurg outlines three main reasons for this belief. The possibility of a Ripple (XRP) exchange-traded fund (ETF) has been making headlines in the crypto world. On August 8, the odds of the U.S. Securities and Exchange Commission (SEC) approving an XRP ETF briefly jumped to nearly 90%, after the Ripple-SEC legal battle officially ended. Bloomberg analysts now...
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