Stephen McClurg named the most popular cryptocurrency after Bitcoin on Wall Street
According to the businessman, Ether ranks third on the list, despite being the second largest altcoin by market capitalization. XRP-based exchange-traded funds could see an influx of at least $5 billion in capital in the first month, surpassing ETH-ETFs.
He noted that XRP-based ETFs have every chance of being approved by the US Securities and Exchange Commission (SEC), as the Coinbase crypto exchange already offers XRP futures.
The Chicago Mercantile Exchange (CME) also offers regulated futures products on XRP, which was one of the main reasons why the previous SEC leadership approved ETFs on Bitcoin and Ether, the entrepreneur emphasized.
At the same time, he acknowledged that macroeconomic factors and the current state of the economy will affect the performance of these funds after their launch. Nevertheless, XRP-based spot funds, like the cryptocurrency itself, have significant potential for further growth.
Earlier, Teucrium CEO Sal Gilbertie said on the Paul Barron Show that the SWIFT international banking transfer system is close to collapse and could be replaced by Ripple's payment solution and the company's XRP coin.
See also: "Binance announced the listing of the Trump token"
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