Canary Capital CEO: XRP's recognition on Wall Street is second only to Bitcoin, and demand may surge after the ETF launch

ChainCatcher news, according to Oak Park, Steven McClurg, CEO of digital asset management company Canary Capital, recently discussed the market position of XRP in the cryptocurrency space. He stated that XRP's recognition among Wall Street professionals is second only to Bitcoin, and if the XRP ETF receives disclosure from the U.S. Securities and Exchange Commission, market demand could surge.

It is understood that Canary Capital submitted a registration application for a spot XRP exchange-traded fund (ETF) last October, which has not yet received regulatory approval.