XRP ETF Positioned to Lead as Regulatory Approval Nears

XRP stands out due to its non-security legal status and purpose-built structure for cross-border settlements.

The Fedwire ISO 20022 upgrade aligns with Ripple’s real-time payment capabilities, favoring XRP’s utility over Ethereum and Solana.

ProShares and Teucrium filings reflect continued institutional confidence despite regulatory delays in XRP ETF approvals.

The CEO of Canary Capital, Steven McLurg, has projected that the XRP ETF could outperform both the Ethereum (ETH) and Solana (SOL) ETFs. His statement comes as institutional interest in crypto ETFs continues to expand. McLurg cited a unique legal position and robust payment utility as key advantages for XRP.

McLurg pointed to the recent court ruling that confirmed XRP is not a security. This legal clarity could fast-track its inclusion in a 33 Act fund, unlike some competing crypto assets still under regulatory scrutiny. The comment adds weight to the growing sentiment that XRP has the framework needed to support a regulated investment vehicle.

Fedwire Upgrade Aligns with XRP’s Payment Infrastructure

Paul Barron noted during the same interview that the Federal Reserve’s Fedwire network officially adopted ISO 20022 messaging standards on July 14. This system, which processes trillions in daily transactions, aligns with Ripple’s existing payment structure. XRP stands out as one of the few digital assets built for real-time, cross-border transactions at scale, unlike Ethereum or Solana, which do not focus on institutional payments.

Although optimism around XRP ETFs is rising, official approval remains pending. Bloomberg analysts James Seyffart and Eric Balchunas have projected a 95% approval likelihood by 2025. The SEC previously delayed decisions on several ETF filings, including those from Franklin Templeton, now set for review in fall 2025. These delays are attributed to ongoing evaluations concerning investor protection and structural integrity.

ProShares Filing Signals Market Confidence

Despite regulatory pauses, firms continue to move forward. ProShares recently amended its XRP ETF under Rule 485(b)(1)(iii), setting July 18, 2025, as its effective date. Meanwhile, Teucrium’s double-leveraged XRP ETF (XXRP) recorded over $120 million in daily trading volume, well above its average turnover.

The recent price increase of XRP above $3 reflects growing investor confidence. This market movement follows rising expectations of ETF approval and increased use cases linked to Fedwire’s system upgrades.

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