News View Non-AMP

Ripple News: XRP Could Double Its Market Share in ETFs, Predicts Market Veteran

Published by
Anjali Belgaumkar

In a recent interview, Steven McClurg, CEO of Canary Capital, shared some interesting thoughts about XRP’s future in the financial world. According to him, cryptocurrencies like XRP and Ethereum could soon hold a bigger share of the market, especially in terms of assets managed through ETFs (Exchange-Traded Funds).

Currently, Bitcoin leads with around 5.6% of market share in ETFs, while Ethereum sits at about 3%. McClurg said it’s possible for XRP and ETH to reach around 6% in the future as more people start understanding how these assets work as financial tools.

While Ripple, the company behind XRP, faced legal challenges over the years, it built strong partnerships worldwide. He said that Ripple is now well-positioned to compete with traditional financial systems like Fedwire, something that didn’t seem possible a few years ago.

On the topic of investments, McClurg said that some investors will prefer ETFs for their simplicity and transparency, while others might go for companies holding cryptocurrencies like XRP as part of their treasury. He expects a mix of both, with some people choosing to invest directly in crypto-backed ETFs, while others might opt for companies managing digital assets.

Overall, McClurg believes Ripple is one of the strongest contenders in the race to modernize financial transactions, and XRP could play a big role in this growing market.

When asked about altcoin season, he added that while Bitcoin is expected to climb towards $140,000, some altcoins will follow, though not all will reach new highs. “I don’t see Solana or Ethereum breaking new all-time highs this year,” McClurg said. Instead, he said that newer tokens like SUI, Injective, and Axelar have a better chance of hitting fresh records.

As for XRP, McClurg said its price movement will likely depend on ongoing legal and regulatory developments, but he does expect it to hit a new high for this year, even if not an all-time record.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Regulatory Green Light Fuels Solana Holders Excitement As Remittix Announces Major CEX Listing

Solana continues its rally as regulatory clarity expands worldwide. Hong Kong’s SFC has approved Solana…

August 26, 2025

Shiba Inu & Pepe Coin Fight For Top Meme Spot In 2025 Whilst PayFi Altcoin Raises Over $21 Million In Record Time

Meme coins are heating up as Shiba Inu and Pepe Coin compete for the top…

August 26, 2025

Exclusive: XRP Price Prediction Post-ETF Approval and Ripple Escrow Explained

XRP is quietly becoming a focus for institutional investors in 2025. Futures on the CME…

August 26, 2025

Cardano & Dogecoin: Further Downfalls Expected Ahead As Remittix Could Outshine Both In 2026 With 5,000% Growth

Both Cardano and Dogecoin remain under heavy selling pressure, flashing technical weakness that hints at…

August 26, 2025

Bitcoin Price To Continue To Consolidate, While These 3 Red-Hot Altcoins Run Wild

The Bitcoin price has been consolidating near record highs, but market momentum is rapidly shifting…

August 26, 2025

Finding The Next Shiba Inu? Top 3 Low-Cap Memecoins That Could Turn Into The Next 11,000x Phenomenon

Every investor dreams of having bought Shiba Inu (SHIB) when it was still a low-cap…

August 26, 2025