XRP ETF to Outperform Solana’s Debut, Says Canary Capital CEO
Canary Capital CEO Steven McClurg predicts that the forthcoming XRP ETF will outpace Solana’s early ETF performance. He forecasts the XRP ETF could double Solana’s first-week volume and assets under management (AUM), driven by strong institutional investor demand. Comparing to the HBAR ETF, which saw $70 million in inflows within three days, McClurg argues that institutional backing can accelerate adoption even for higher-priced tokens. He contrasts XRP’s appeal to financial institutions with Solana’s retail focus, noting that regulatory clarity from the SEC will facilitate a smooth ETF launch. If approved, the XRP ETF could shift market dynamics from retail speculation to structured institutional investment, potentially redefining the altcoin ETF landscape.
Bullish
This positive forecast by a prominent fund manager is likely to drive bullish sentiment around XRP and its upcoming ETF. Historical precedents, such as the strong inflows seen with Bitcoin and Ethereum spot ETF approvals, suggest that institutional ETFs can spark rapid capital inflows and higher trading volumes. Traders may increase positions ahead of anticipated launch news, boosting short-term price momentum. Over the long term, an approved XRP ETF could broaden institutional adoption, deepen liquidity, and support sustainable growth in the altcoin ETF segment.