XRP ETF Positioned to Outperform ETH and SOL ETFs, Says Canary Capital CEO

• Canary Capital CEO believes XRP ETF will outperform ETH and SOL ETFs due to regulatory clarity and real-world payment utility.

• Bloomberg analysts give XRP ETF 95% approval odds for 2025, but the SEC delayed reviews until autumn for compliance checks.

• ProShares launches XRP ETF on July 18, while XRP faces resistance at $3 amid growing institutional interest.

Canary Capital CEO Steven McLurg has boldly claimed XRP’s potential to dominate the exchange-traded fund space. In a recent interview, McLurg argued that an XRP ETF has unique potential to outperform ETH and SOL ETF products, citing regulatory clarity as a key advantage.

McLurg stated there is “now a clear court precedent that XRP isn’t a security” and that it “can easily move into a 33 Act fund”. The CEO emphasized that the XRP ETF will likely gain the most market traction among all pending crypto ETF products.

Real-World Utility Drives XRP ETF Advantage

The timing of McLurg’s comments coincides with significant infrastructure developments. On July 14, the Federal Reserve’s Fedwire payment network announced the formal adoption of ISO 20022, enabling same-day settlement for trillions of daily transactions. This development benefits XRP directly due to Ripple’s existing infrastructure.

Industry experts note that XRP stands apart from competitors through its purpose-built design for real-time, cross-border settlement at scale. Neither ETH nor SOL ETF filings can demonstrate comparable real-world payment use cases, strengthening McLurg’s position.

Bloomberg analysts James Seyffart and Eric Balchunas gave the XRP ETF a 95% chance of approval in 2025. SOL ETF, Litecoin, and Cardano ETFs received similar 90-95% approval odds from the same analysts.

However, regulatory delays persist. The SEC postponed its examination of Franklin Templeton’s SOL ETF and XRP ETF filings until autumn 2025, focusing on compliance, market protection, and structural issues.

ProShares has set July 18, 2025, as the effective date for its own XRP ETF, after an amendment under Rule 485(b)(1)(iii). Teucrium’s double-leverage XRP ETF (XXRP) experienced a significant demand surge after its launch, with daily trading volume reaching $120 million.

XRP Price Performance Reflects Market Confidence

XRP has faced resistance at the $3 level amid recent market volatility, though market analyst Alex Cobb projected XRP could reach $4.35 by the end of July. The price movement reflects growing institutional interest ahead of the ProShares ETF launch.

Multiple asset managers, including Bitwise, Canary Capital, and 21Shares, have filed with the SEC for XRP ETF approval. The regulatory landscape appears increasingly favorable for XRP-based investment products.

Regulatory clarity, real-world utility, and institutional backing positions XRP ETFs as potential market leaders in the next wave of cryptocurrency investment products. McLurg’s predictions may prove accurate as the crypto ETF space continues expanding beyond Bitcoin and Ethereum offerings.