{"id":49595,"date":"2025-08-31T12:06:55","date_gmt":"2025-08-31T09:06:55","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=49595"},"modified":"2025-08-31T12:06:55","modified_gmt":"2025-08-31T09:06:55","slug":"wall-street-second-most-popular-crypto-etf-canary","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/wall-street-second-most-popular-crypto-etf-canary\/","title":{"rendered":"Wall Street Shows Intense Interest in This Crypto After Bitcoin!"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>Canary Capital<\/strong> CEO Steven McClurg shared a striking statement about the future of digital assets. According to him, after Bitcoin, the most recognized cryptocurrency on Wall Street is XRP. This strong reputation could fuel massive demand once spot <strong>XRP ETFs<\/strong> launch.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In an interview with Paul Barron, McClurg emphasized that XRP enjoys wide recognition among financial circles. He noted that although Ethereum ranks second by market capitalization, it does not surpass XRP in visibility among Wall Street institutions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/wall-street-second-most-popular-crypto-etf-canary\/#Huge_Demand_Expected_for_XRP_ETFs\" title=\"Huge Demand Expected for XRP ETFs\u00a0\">Huge Demand Expected for XRP ETFs\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/wall-street-second-most-popular-crypto-etf-canary\/#New_Crypto_ETFs_on_the_Horizon\" title=\"New Crypto ETFs on the Horizon\u00a0\">New Crypto ETFs on the Horizon\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Huge_Demand_Expected_for_XRP_ETFs\"><\/span><span data-contrast=\"auto\">Huge Demand Expected for XRP ETFs<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">The Canary CEO predicted that XRP ETFs could attract up to $5 billion in inflows during their first month of trading. He added that this surge could allow XRP funds to outperform Ethereum-based products.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">However, McClurg also pointed out that macroeconomic factors will directly shape the outcome. He argued that the Federal Reserve should have already lowered <strong>interest rates<\/strong>. Furthermore, he expects the FOMC meeting in September to finally deliver a rate cut, which may boost overall crypto market momentum.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Meanwhile, Canary Capital is among the asset managers that have applied for an <a href=\"https:\/\/coinengineer.net\/blog\/?s=ripple\">XRP<\/a> ETF with the SEC. The firm recently submitted an amended S-1 form, while the regulator postponed its decision to October 23. On that date, the SEC must either approve or deny the proposed rule change that would allow the fund\u2019s shares to list and trade.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_Crypto_ETFs_on_the_Horizon\"><\/span><span data-contrast=\"auto\">New Crypto ETFs on the Horizon<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">McClurg noted that not only XRP but also Solana, Litecoin, and Hedera ETFs could launch later this year. He clarified that final approval depends on the SEC, yet Coinbase\u2019s existing XRP futures offering strengthens the case for approval.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">CME also lists regulated XRP futures, a key factor that previously paved the way for <strong>Bitcoin<\/strong> and Ethereum ETF approvals.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">On the other hand, McClurg admitted that some crypto funds may not receive clearance until next year. Canary Capital has filed for multiple products, including ETFs tied to <strong>PENGU<\/strong>, TRX, INJ, AXL, SUI, SEI, and Trump coin. The company also submitted a proposal for an \u201cAmerican-Made Crypto ETF,\u201d designed to track U.S.-linked tokens.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In the end, McClurg reaffirmed his belief that XRP ETFs could launch this year. If so, the asset would further strengthen its position as Wall Street\u2019s most recognized cryptocurrency after Bitcoin.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canary Capital CEO Steven McClurg shared a striking statement about the future of digital assets. According to him, after Bitcoin, the most recognized cryptocurrency on Wall Street is XRP. This strong reputation could fuel massive demand once spot XRP ETFs launch.\u00a0 In an interview with Paul Barron, McClurg emphasized that XRP enjoys wide recognition among<\/p>\n","protected":false},"author":36,"featured_media":36959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[9648,23069,4672,1000,5337,12739,11344,6425,23068,3889],"class_list":["post-49595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-canary-capital","tag-crypto-fund-filings","tag-crypto-regulations","tag-ethereum-etf","tag-fed-rate-cut","tag-hedera-etf","tag-litecoin-etf","tag-solana-etf","tag-wall-street-crypto","tag-xrp-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wall Street Shows Intense Interest in This Crypto After Bitcoin! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Canary Capital CEO Steven McClurg predicts spot ETFs for this crypto could see $5B inflows in the first month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/wall-street-second-most-popular-crypto-etf-canary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street Shows Intense Interest in This Crypto After Bitcoin! 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