Steven McClurg, CEO of Canary Capital, has said that XRP could outperform Solana once its exchange-traded fund (ETF) is launched, particularly in terms of inflows and trading volume.
In a recent interview, McClurg responded to a question comparing Solana’s strong ETF debut to what might be expected from XRP, stating that the token would probably double what Solana did in its first week of ETF trading.
He described XRP as an asset that appeals to financial institutions and enterprise investors rather than retail traders, emphasizing that this characteristic will allow its ETF to attract deeper, long-term capital. Solana, by contrast, was described as a token with greater retail exposure, supported mostly by trading activity rather than institutional demand.
To support his outlook, McClurg referred to the performance of the recently launched HBAR ETF, which drew $70 million in inflows within just three days of listing.
HBAR’s market cap and trading volume are relatively very low compared to other large market cap cryptocurrencies, but it was able to attract notable inflows into its ETF products. McClurg attributed this success to its recognition among enterprise and institutional investors. The altcoin could follow a similar pattern, as both tokens share a reputation for being used within established financial frameworks.
