XRP ETFs Promise to Outperform Ethereum ETFs

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Following the official conclusion of the trial between Ripple and SEC August 8th approval probability XRP-ETF The US Securities and Exchange Commission (SEC) briefly rose to almost 90%. Bloomberg analysts, for their part, cite the figure of 95%.

According to experts, if XRP-ETF will be approved, it may surpass the new one ETF on the basis of Ethereum, which Canary Capital CEO Stephen McClurg believes will be driven by three factors:

1. XRP has no staking related drawbacks

Efirium allows investors to earn 2-3% per annum by listing their coins on exchanges or blockchain platforms. This means that experienced investors may have little reason to buy ETF on ETH, as direct ownership of ETH can generate additional income.

XRP does not offer rewards for staking, so the purchase ETF on XRP does not involve any opportunity costs.

2. XRP is the clear leader in its category

McClurg explained that XRP occupies a dominant position in the niche of fast and inexpensive cross-border payments. If Ethereum faces intense competition from other smart contract platforms — Solana, Cardano and Avalanche, XRP much less direct competitors in its main field of application.

Ripple constantly improves its technologies and maintains leadership in the payments sector, which can help attract institutional investors who choose a clear market leader.

3. XRP Army: A Powerful and Dedicated Community

Community XRP — one of the most dedicated and active in the crypto space. This large base of retail and institutional supporters could lead to a significant influx of funds into ETF immediately after launch. McClurg predicts that ETF on XRP could raise up to $5 billion in first month, potentially surpassing ETH’s early results ETF.

I am absolutely sure that ETF on the base XRP will appear this year. Of course, I will never give a 100% guarantee on this matter, because anything can happen. I sincerely believe that it will happen this year, — the CEO noted.

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