Canary Capital CEO Steven McClurg has announced the launch of an XRP ETF for next week. The statement was made during his appearance at the ongoing Ripple Swell conference, where he confirmed the firm’s readiness.
McClurg projected that the XRP ETF could attract $5 billion in institutional inflows within 30 days of launch. He highlighted that XRP lacks native staking, meaning ETF investors do not miss out on yields, a structural advantage over assets like Ethereum.
The market will now watch to see if the XRP ETF meets these substantial inflow projections and becomes a benchmark for future altcoin-based funds. Its performance will be a critical indicator for the sector.
Source: https://ripple.com/events/swell/speakers/
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