Derived from 528btc, Canary Capital CEO Steven McClurg stated that XRP is experiencing strong institutional demand, which is a key driver behind the asset's price growth. The XRP ETF is nearing $1 billion in assets under management, marking one of the fastest early growth phases in U.S. crypto ETF history. McClurg also noted a connection between the surge in XRP ETF inflows and the rise of Ripple's stablecoin RLUSD, predicting RLUSD will surpass other stablecoins under Brad Garlinghouse's leadership. Ripple CEO Brad Garlinghouse emphasized that XRP has become the fastest crypto ETF to reach $10 billion in AUM since Ethereum's ETF in 2024.
Canary Capital CEO Highlights Strong Institutional Demand for XRP
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