The discussion regarding XRP's inclusion in future crypto exchange-traded funds (ETFs) is reviving. Experts believe XRP is in a strong position for approval.
Discussion of Potential XRP ETF
According to Steven McClurg, CEO of Canary Capital, XRP stands a good chance of being included in the next wave of crypto ETFs. He mentioned that the U.S. Securities and Exchange Commission (SEC) is working on guidelines to determine which cryptocurrencies can be added to ETFs. The already approved coins, such as Bitcoin and Ethereum, create an opportunity for XRP.
Court Ruling Clears the Way for XRP
One of the key factors behind this prediction is a recent court ruling that stated XRP is not a security. This decision has removed a major barrier for ETF approval. McClurg believes that this will allow XRP to be smoothly included in an ETF under existing regulations.
Institutional Investors and XRP
When asked which crypto ETFs might attract the most investor interest after Bitcoin and Ethereum, McClurg pointed to XRP. While retail investors may continue leaning toward Solana, he sees XRP as a favorite among financial institutions and advisors. He predicts that, over time, XRP could even gather more assets under management than Ethereum, especially because of its strong focus on financial services and payment solutions.
Thus, XRP appears well-positioned for a place in future crypto ETFs. Court rulings and endorsements from financial institutions may play a significant role in accelerating this process.
