- Steven McClurg forecasts $10 billion ETF inflows for XRP.
- SEC’s imminent decision could approve XRP ETFs.
- Significant inflows could transform XRP marketplace.
- XRP could be among the top 20 ETFs if inflows reach $2-3 billion on day one.
- Regulatory reviews are currently pending, impacting the timing of potential breakthroughs.
Canary Capital CEO Steven McClurg projects $10 billion inflows for XRP ETFs amid potential approvals, highlighting significant interest from institutional investors.
Institutional inflows could stabilize XRP prices, setting historical precedents if ETFs gain approval, marking major shifts in the cryptocurrency investment landscape.
XRP price prediction gains momentum as Canary Capital’s CEO, Steven McClurg, forecasts $10 billion ETF inflows. The anticipation of imminent ETF approvals and major institutional inflows highlights potential significant interest in XRP markets. Steven McClurg, known for BTC ETF launches, sees a strong parallel for XRP ETFs. Firms like Grayscale, Bitwise, and WisdomTree have filed formal proposals, awaiting the SEC’s decision. No ETFs have been approved yet, due to regulatory reviews.
Should ETF approvals occur, significant inflows could transform XRP’s marketplace. This potential inflow follows historical precedents of previous ETF approvals, significantly affecting market dynamics and liquidity.
“If XRP ETFs reach $2–3 billion on day one, such inflows would place XRP ETFs among the top 20 ETFs of all time, potentially even the top 10, depending on market conditions at launch.” — Steven McClurg, CEO, Canary Capital.
Institutional capital through ETFs may stabilize XRP prices, enabling wider investor access. This comes amid retirement and pension funds integrating digital assets, echoing trends seen in Bitcoin ETF launches.
Ongoing regulatory reviews impact the timing of XRP’s potential breakthroughs. Meanwhile, the market awaits decisions from the SEC to determine possible timelines for XRP ETF launches. Expert analysis suggests significant price surges upon approval, echoing previous BTC ETF experiences. Market forecasts, coupled with historical trends, suggest XRP could see notable liquidity and infrastructure improvements once regulatory barriers are cleared.
