Canary Capital CEO: XRP Is Wall Street’s No. 2 After Bitcoin — SEC Approval of Spot XRP ETF Could Spark Major Demand

Canary Capital CEO Steven McClurg told COINOTAG on August 31 that XRP ranks among the most recognized digital assets with institutional clients, placing its awareness on Wall Street second only to Bitcoin; his comments reflect evolving institutional sentiment without asserting definitive market timing.

Canary Capital submitted a registration for a spot XRP ETF in October of last year, and the filing remains under review by the US SEC. While SEC approval could materially increase institutional demand, the ultimate impact will hinge on regulatory findings, filing outcomes and prevailing market conditions.