Canary Capital CEO: XRP ETF Outperforms Bitcoin and Ethereum with Steady Capital Inflows

XRP-3,22%
BTC-1,37%
ETH-1,18%
SOL-2,94%

February 27 News, Canary Capital CEO Steven McClurg stated that the performance of the XRP ETF continues to outperform Bitcoin and Ethereum, even amid significant outflows from both. Investors are consistently injecting funds into the XRP fund. McClurg emphasized that this indicates the market is reassessing investment preferences, with XRP becoming the main beneficiary of capital rotation within altcoin ETFs.

According to McClurg, XRP currently accounts for about 50% of the new capital inflows into altcoin ETFs, significantly higher than Solana and Hedera at 30% and 20%, respectively. Meanwhile, Bitcoin and Ethereum ETFs continue to face redemption pressures, reflecting investors’ tendency to seek alternative assets amid increased market volatility and uncertainty.

Notably, even with large outflows from Bitcoin ETFs, the XRP ETF still achieved net inflows. Since Canary Capital launched its first spot XRP ETF in November, the fund’s inflows have remained stable, with only a minor outflow on January 7, 2026. To date this month, the XRP fund has experienced only three outflows, while Bitcoin ETFs have seen outflows on nine trading days, demonstrating XRP’s relative strength.

Last week, Bitcoin and Ethereum investment products collectively saw outflows of $250 million, while the XRP ETF attracted an opposite flow of $3.5 million, further highlighting its resilience. McClurg pointed out that this trend reflects increased investor confidence in altcoins with strong practicality and clear growth potential.

As of now, the total net inflow into XRP ETFs has reached $1.24 billion, with total assets under management (AUM) at $1.06 billion. Among them, the Canary XRP ETF (XRPC) leads the market with $280.38 million in net assets, slightly surpassing Bitwise’s XRP ETF ($278.22 million), maintaining a leading position in the industry.

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