An XRP ETF could soon launch, with forecasts promising up to $10 billion in inflows within the first month, as per Steven McClurg of Canary Capital. A groundbreaking debut for the XRP token amidst the international payment revolution.
The cryptocurrency market could soon experience a pivotal moment with the potential launch of a XRP ETF. Analysts believe this investment product could transform the institutional perception of the token, strengthening its position as one of the pillars of modern digital finance.
Steven McClurg, CEO of American investment firm Canary Capital, is convinced that a ETF could experience an exceptional start. According to his forecasts, investment flows could reach up to $10 billion in just the first month of trading – double his previous estimates.
XRP is flirting with $2.97 and could target $3.50 if an ETF becomes reality!
Steven McClurg anticipates up to $10 billion in investments in the first month alone, a historic potential for the ecosystem.
According to McClurg, the first day of trading for a ETF could be particularly strong:
“If Bitcoin futures ETFs managed to raise more than a billion dollars on the first day, I think XRP could easily double that performance,” he stated.
Such a launch would make this ETF one of the most significant in cryptocurrency history.
The Canary Capital executive emphasizes, however, that not all cryptocurrencies are suitable for an ETF structure. In his opinion, only about twenty digital currencies will be relevant for this type of product.
Besides Bitcoin and Ethereum, he considers XRP and Solana as candidates strong enough to function independently. The rest of the market would, according to him, be grouped into composite baskets, similar to precious metals ETFs.
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