Steven McClurg, CEO of Canary Capital, has mentioned that XRP may outperform Solana as soon as its exchange-traded fund (ETF) is launched, significantly by way of inflows and buying and selling quantity.
In a latest interview, McClurg responded to a query evaluating Solana’s robust ETF debut to what is likely to be anticipated from XRP, stating that the token would most likely double what Solana did in its first week of ETF buying and selling.
His feedback are a part of a growing confidence in XRP’s institutional positioning amongst crypto buyers because the crypto industry prepares for the subsequent part of ETF approvals.
XRP’s Institutional Positioning Offers It An Edge Over Solana
McClurg explained that the altcoin’s construction as a monetary service will give it a decisive benefit as soon as its ETF goes stay. Though XRP’s market capitalization is just about 50% increased than Solana’s, he believes its institutional presence will result in institutional inflows into its ETFs that might be “100% and even 200% increased” than Solana’s.
He described XRP as an asset that appeals to monetary establishments and enterprise buyers quite than retail merchants, emphasizing that this attribute will permit its ETF to draw deeper, long-term capital. Solana, in contrast, was described as a token with higher retail publicity, supported principally by buying and selling exercise quite than institutional demand.
To assist his outlook, McClurg referred to the efficiency of the lately launched HBAR ETF, which drew $70 million in inflows inside simply three days of itemizing.
HBAR’s market cap and buying and selling quantity are comparatively very low in comparison with different massive market cap cryptocurrencies, but it surely was in a position to appeal to notable inflows into its ETF merchandise. McClurg attributed this success to its recognition amongst enterprise and institutional buyers. The altcoin may comply with an analogous sample, as each tokens share a repute for getting used inside established monetary frameworks.
Solana’s ETF Success Units A Benchmark
Spot XRP ETFs are yet to hit the market, however Solana is already up and running with Spot ETFs from Bitwise and Grayscale. These Spot Solana ETFs are at the moment on 11 consecutive days of inflows, amounting to $199.21 million of their first week and $136.50 million within the second.
Though these figures are low in comparison with how Spot Bitcoin and Ethereum ETFs carried out of their first week, they’re notable as a result of they arrive at a interval when each Bitcoin and Ethereum are witnessing outflows from their respective ETFs. These spotlight the dimensions of investor urge for food for digital asset ETFs and set a excessive bar for XRP to surpass.
A number of funds are anticipated to launch in November 2025, following their latest itemizing on the DTCC platform. Canary Capital’s Spot XRP ETF is slated to launch on Nasdaq on November thirteenth, adopted by others from corporations like Franklin Templeton, 21Shares, Bitwise, and CoinShares. Whereas DTCC listings confirm the operational infrastructure is in place, the ETFs nonetheless require remaining SEC approval, which is at the moment being delayed as a result of ongoing government shutdown.
Featured picture from Peakpx, chart from Tradingview.com
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