Canary Capital’s XRP ETF-let’s call it “XRPC” because finance loves unnecessary acronyms-burst onto the scene yesterday like a caffeinated trader on margin. It didn’t just debut; it moonwalked past $BSOL’s sad little record, racking up $59 million in volume faster than you can say “Where’s my Lambo?” 📈
Steven McClurg, the CEO (and presumably, a man who owns at least one expensive watch), graced the plebeians with his wisdom post-launch. Topics included: “Why XRP isn’t just Bitcoin’s weird cousin,” “How to sound smart at crypto parties,” and “The art of predicting prices without getting sued.”
XRP: The ETF That Actually Does Something (Gasp!)
McClurg, in an interview that probably involved a lot of nodding from the host, declared XRP Ledger the “anti-Bitcoin”-a payments network that doesn’t just sit there looking expensive. Built to slash remittance fees (those cruel “working-class taxes” of 8-15%), it’s like Western Union’s worst nightmare. 💸
$10? $35? $1,000? Let’s Get Delusional! 🎢
When confronted with community price fantasies-$1,000? $10,000? Why not a million?-McClurg responded like a man who’s seen too many memes: “Those are… very high numbers.” But $10? Oh, that’s totally reasonable. Just a casual 10x in 3-4 years. No biggie. 😏
ETF Demand: Because Institutions Love Paperwork 📑
With XRPC already outpacing every other 2024 ETF (take that, boring bond funds!), McClurg hinted that regulated products might finally make XRP “respectable.” Translation: Your grandma might buy it. Institutions are lining up, liquidity’s flowing, and the community? They’re too busy high-fiving over McClurg’s “$10 isn’t hopium” comment to notice the market crashing. 🎉
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2025-11-14 07:22