Canary Capital CEO: Wall Street's Recognition of XRP Second Only to Bitcoin, Demand May Surge After ETF Launch

According to a report by Jinse Finance, Steven McClurg, CEO of digital asset management firm Canary Capital, recently discussed XRP's market position in the cryptocurrency space. He stated that XRP's recognition among Wall Street professionals is second only to Bitcoin. If an XRP ETF receives disclosure approval from the U.S. Securities and Exchange Commission, market demand could potentially surge. It is reported that Canary Capital submitted a registration application for a spot XRP exchange-traded fund (ETF) last October, but regulatory approval has not yet been granted.