After Bitcoin and Etherum receive ETF approval from the SEC, Altcoins such as XRP, Solana and Litecoin (LTC) are expected to receive approval this year.
The subsequent discussion focuses on how much XRP ETFs can inflow, but some analysts predict large inflows and others predict weak inflows.
The final comment at this point came from Canary Capital CEO Stephen McCrug. Stephen McCrug also submitted a Spot XRP ETF application.
In a recent interview with Paul Barron, Steven McClurg said the XRP ETF could attract a significant influx. The well-known CEO even argued that XRP could rival Ethereum's market capitalization.
“The XRP ETF could attract $5 billion inflows in the first month, potentially surpassing ETH.”
The well-known CEO pointed out that there is a very high chance that the SEC will approve the XRP ETF, as XRP futures are already being offered at Coinbase and CME.
At this point, the well-known CEO said that XRP ETF was one of the strongest candidates to be approved and pointed out the end of the year in its most recent year.
“If we have to speculate, we expect XRP will get ETF approval this year along with Litecoin, perhaps Hbar and Solana. I think those will happen in 2025.”
Canary Capital CEO McClurg recently added that XRP is the most famous cryptocurrency after Wall Street and Bitcoin on financial worlds.
*This is not investment advice.
