Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
XRP ETF mania incoming? Canary Capital CEO predicts a true shockwave

XRP ETF mania incoming? Canary Capital CEO predicts a true shockwave

KriptoworldKriptoworld2025/10/07 16:00
By:by kriptoworld

Steven McClurg, the co-founder and CIO of Canary Capital, just threw a grenade into the XRP ETF hype machine.

In a no-holds-barred chat, McClurg ramped up his forecast for the debut of a US spot XRP ETF, predicting $10 billion in inflows during the first month.

Remember, it’s double the conservative $5 billion number he once tossed into the ring.

American-made crypto index

McClurg didn’t stop there. He went on to say if the ETF pulls in $1 billion on day one, XRP might gobble up two or three billion right then and there.

For some perspective, the first US bitcoin futures ETF grabbed over a billion dollars on day one, marking one of the most explosive ETF launches Wall Street’s ever seen.

So, yeah, the XRP party might just blow the roof off.

But this isn’t just about XRP flying solo and flying high. McClurg thinks the crypto-ETF universe won’t explode into a hundred products.

Instead, it’ll slim down to about 25 heavy hitters max, thanks to strict listing rules and actual demand.

Think of it like precious metals ETFs, only a few real players dominate the game. Bitcoin, Ethereum, XRP, and Solana are expected to own the spotlight, each with more capital than typical ETF baskets.

Canary Capital even plans an American-made crypto index, with XRP locked in, though the details remain hush-hush.

Healthy leadership refresh

And ere’s where the drama thickens, because regulatory chaos, you know. McClurg warned about the government shutdown throwing a wrench into SEC’s approval process for crypto ETFs.

He forecasted delays, knocking down rumors that Solana ETFs might launch next week amid furloughs.

Despite the red tape, he’s confident most crypto ETFs will sneak through before the year’s out, assuming Uncle Sam gets his sh*t together soon.

Why all this XRP excitement? McClurg’s love affair is grounded in XRP’s utility, especially for cross-border payments. He cites current remittance fees as ridiculously high and calls XRP’s approach a secret weapon in slashing those costs.

Plus, recent management changes at Ripple? McClurg shrugs them off, viewing them as a healthy leadership refresh rather than a crisis.

Shadow on the risk assets

On the macro front, McClurg sees the classic four-year crypto cycle sticking around but becoming less dramatic as the market grows.

His conservative bitcoin year-end target sits at $140,000, which sounds low compared to the moonshots but honestly, it feels pragmatic.

He predicts the rally could stretch into early next year, spurred by Fed chair changes and liquidity shifts, although cooling US consumer spending could cast a shadow on risk assets, like bitcoin.

So, there’s a chance thatt XRP’s crypto-ETF launch could be the wildest debut this side of Wall Street’s golden days.

With billions poised to flood in, regulatory headaches to navigate, and real-world utility backing the token, McClurg’s bullish drumbeat demands attention. Spot XRP ETFs might just rewrite the crypto playbook.

XRP ETF mania incoming? Canary Capital CEO predicts a true shockwave image 0 XRP ETF mania incoming? Canary Capital CEO predicts a true shockwave image 1
Written by András Mészáros
Cryptocurrency and Web3 expert, founder of Kriptoworld
LinkedIn | X (Twitter) | More articles

With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Asbury's Retro Strategy Increases Profits, Yet Shares Trail the S&P

- Asbury Automotive's nostalgia-driven strategy boosted Q3 2025 earnings, with $7.17 adjusted EPS surpassing estimates and $4.8B revenue up 13% YoY. - New vehicle sales ($2.53B, +17%) and finance/insurance profits ($187.1M, +9%) drove growth, though used vehicle sales lagged due to weak unit demand. - Despite strong fundamentals and value scores (A ratings), ABG stock underperformed the S&P 500 by 1.2%, reflecting mixed investor sentiment amid $3.6B debt concerns. - Analysts highlight Asbury's $28.03/share

Bitget-RWA2025/11/30 13:46
Asbury's Retro Strategy Increases Profits, Yet Shares Trail the S&P

Hyperliquid News Today: Community-Led Restaking Challenges Bear Market Expectations While HYPE Tokens Remain Resilient

- Hyperliquid unlocked $60.4M HYPE tokens on 2025/11/29 via its vesting schedule, with 40% restaked and 35% held post-unlock. - Core contributors demonstrated disciplined allocation, contrasting traditional VC-funded projects prone to token dumping. - Market impact was minimal (1.7% dip to $33.80), defying bearish forecasts and showing strong whale accumulation. - Analysts highlight buyback strength ($82M/month) and technical indicators suggesting potential $40+ breakout.

Bitget-RWA2025/11/30 13:46
Hyperliquid News Today: Community-Led Restaking Challenges Bear Market Expectations While HYPE Tokens Remain Resilient

Ethereum News Today: Ethereum Faces a Pivotal Moment at $2,880—Will Institutions Keep Buying or Will Bears Take Over?

- Ethereum hovers near $3,000 amid conflicting technical signals and increased selling pressure from long-term holders offloading 973,600 ETH weekly. - Institutional confidence grows as BitMine accumulates 69,822 ETH ($200M) and ETFs add $96.67M, contrasting with bearish RSI divergence and $2,580 support risks. - Fed rate-cut odds above 80% for December fuel speculative buying, while $2,880 resistance remains pivotal for determining Ethereum's short-term direction. - Whale activity diverges: large whales a

Bitget-RWA2025/11/30 13:46
Ethereum News Today: Ethereum Faces a Pivotal Moment at $2,880—Will Institutions Keep Buying or Will Bears Take Over?

Bitcoin News Today: Bitcoin’s ‘Panda Market’ Position: Holding Steady Rather Than Falling Apart

- Bitcoin's market consolidation sees ETF inflows/outflows diverge, with BlackRock's IBIT leading $42.8M inflows while Fidelity's FBTC faces $33. 3M outflows. - Altcoin ETFs show mixed trends: Solana records first outflows, XRP gains $644M cumulative inflows, and Dogecoin ETFs underperform expectations. - Price drops 30% to $87,000 amid $3.5B ETF outflows, driven by Fed tightening and leveraged position deleveraging, though whale accumulation and derivatives bets hint at potential rebound. - Market stabili

Bitget-RWA2025/11/30 13:28
Bitcoin News Today: Bitcoin’s ‘Panda Market’ Position: Holding Steady Rather Than Falling Apart