XRP ETF Expected to Generate $5 Billion in First Month Inflows

Steve McClurg, CEO of Canary Capital, stated that XRP spot ETFs could generate $5 billion in their first month, potentially outperforming Ethereum ETFs. His comments were made during a recent interview.

Current ETF Performance

Bitcoin ETFs reported $1.5 billion in net inflows in January 2024, rising to $3.30 billion by February 12.
Ethereum spot ETFs saw an outflow of $480 million in July 2024, with an additional loss of $5.60 million the following month.

McClurg attributed Ethereum's struggles to funds leaving the Grayscale Ethereum Trust (ETHE) and emphasized XRP's strong market recognition among investors. He noted that the demand from the "XRP Army" community could accelerate ETF adoption.

Increased Likelihood of XRP ETF Approval

Confidence in an XRP ETF approval has risen from 80% to 85% for 2025.
Other cryptocurrencies like Solana, Litecoin, and HBAR may also receive ETF approvals this year.
XRP futures availability strengthens the case for its ETF launch.

McClurg highlighted XRP’s focus on payments and cross-border settlements as advantageous for institutional understanding compared to Ethereum's emphasis on smart contracts.