In an interview published on October 4, Steven McClurg, co-founder and CIO of Canary Capital, sketched an aggressive outlook for a prospective US spot XRP exchange-traded fund while mapping the broader contours of a crypto-ETF market he believes will consolidate around a small number of large-cap assets.

Spot XRP ETFs Will Shock Wall Street

Speaking with Paul Barron, McClurg reiterated and then upshifted a prior forecast on early demand for an XRP ETF, arguing that first-month inflows could reach an eye-catching $10 billion—double the “bearish” $5 billion figure he had previously floated.

“I may have changed my mind. I may have been a little bearish,” McClurg said when asked whether $5 billion in the first month still felt realistic. “I’m gonna hold to that number because… if it’s $10

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