Canary Capital CEO Says XRP ETF Will Surpass ETH ETFs as SEC Confirms Lawsuit End

Canary Capital CEO Steven McClurg has forecasted that XRP ETFs could outperform ETH ETFs upon launch in the market. This came as the SEC officially confirmed the end of the XRP lawsuit, clearing the donuts of many investors.

Canary Capital CEO Sees XRP ETFs Outshining ETH ETFs

In a recent interview with Paul Barron, Canary Capital CEO Steven McClurg said he expects XRP ETF products to outperform ETH ETFs. He further cited three main factors: yield structure, market positioning, and community strength.

First, McClurg argued that Ethereum’s staking capabilities work against the success of an ETH ETF. Many crypto-native investors can earn yields of 2–3% by holding ETH directly. XRP, by contrast, does not currently offer staking rewards, meaning ETF investors aren’t missing out on yield opportunities by choosing a fund structure.

Furthermore, he emphasized that XRP dominates its category as a blockchain designed for financial services rails. He highlighted cross-border payments, remittances, and institutional settlement. 

“When there’s a clear leader in a category, it tends to win,” McClurg said, comparing XRP’s role in payments to Bitcoin’s role as a store of value. 

Notably, McClurg pointed to the size and passion of the XRP community. He predicted that strong retail and institutional interest could translate into robust ETF inflows. 

He went as far as projecting that a newly launched XRP ETF could see $5 billion in inflows in its first month, surpassing ETH’s early performance. These statements came after speculations of a potential BlackRock XRP ETF filing.

McClurg, whose firm has applied for an XRP ETF, expressed confidence in its imminent debut. He stated he is certain the product will launch before the end of the year.

McClurg also addressed the technical aspects of launching an XRP ETF. Such funds require a reliable pricing mechanism, or “reference rate,” to track the underlying asset. While some ETFs use CME benchmarks, Canary Capital plans to use indices from another platform. He said it offers deeper coverage of crypto-native markets.

SEC Confirms XRP Lawsuit End

After years of courtroom battles, the U.S. Securities and Exchange Commission (SEC) has formally filed to dismiss its appeal case against Ripple. This brought one of the most high-profile crypto lawsuits to a definitive end.

SEC Commissioner Hester Peirce publicly confirmed the development in a recent X post. 

Last week, the SEC’s case against Ripple was finally laid to rest. A welcome development for many reasons, including that minds once occupied with litigation now can concentrate on creating a clear regulatory framework for crypto.

This came after many were still doubting that the XRP Lawsuit had come to an end. Australian lawyer Bill Morgan noted the skepticism and confirmed to doubters that the case was officially over.

The SEC v Ripple litigation ended with the filing of the joint stipulation for dismissal last Friday but it seems some in the XRP community wanted some extra confirmation

Don’t blame them after almost 5 years.

Here is the SEC confirmation. Over and out. https://t.co/P4bj8K24H4

— bill morgan (@Belisarius2020) August 11, 2025

The double confirmation from both a sitting SEC Commissioner and a legal expert leaves little doubt that the lawsuit is officially over. This clears the path for Ripple and XRP to move forward without regulatory litigation issues.