Canary Capital CEO Reveals When XRP ETFs Will Be Approved in America
The big question on everyone’s mind right now: When will the XRP ETF be approved? On prediction platform Polymarket, traders are putting the odds at around 86%. The hype is growing, and insiders say the pieces are finally lining up for XRP to join Bitcoin and Ethereum in the ETF market.
Why Everyone’s Talking About It
According to Bloomberg’s ETF analysts, the SEC is reviewing what’s called a “generic listing standard.” That’s basically a set of rules that could make it easier for crypto ETFs to get approved. The rule of thumb? If a coin already has futures listed on a big exchange like Coinbase, chances are good it could get an ETF as soon as 2025.
Steven McClurg from Canary Capital recently shared his thoughts, admitting that regulators hold the final say but pointing out that XRP looks like one of the stronger candidates.
In an interview with Paul Barron, he said, “If I had to guess I would guess that XRP would probably be this year along with Litecoin, possibly HBAR, Solana. Those are the ones that I do believe will occur in 2025.”
What an Approval Could Mean
If an XRP ETF gets the green light, it could open the floodgates for traditional investors who don’t want to deal with wallets, exchanges, or private keys. Instead, they could just buy XRP exposure through their regular brokerage account. That type of access has the potential to bring in billions in institutional money.
The focus, McClurg said, is on “American-made crypto.” Several protocols are now bringing their treasuries back to the United States after years overseas. Under the current administration, U.S.-based cryptocurrencies and blockchains are expected to thrive, with possible tax benefits adding to the shift. The proposed fund would track an index of projects created, mined, or primarily operated in the U.S., with qualifications set by the index provider.
For now, the most likely timeline looks like 2025, but the mood in the industry is more bullish than ever. After years of waiting, XRP holders finally feel that the long-discussed ETF might actually be around the corner.