Canary XRPC ETF Surge Rekindles BlackRock XRP Speculation

The Canary XRPC ETF experienced a record-breaking debut, generating $58 million in day-one volume and $245 million in inflows, sparking renewed speculation about a potential BlackRock XRP ETF. The strong launch follows a prior incident in November 2023 when an iShares XRP Trust filing briefly appeared on the Delaware Corporation Commission website before BlackRock denied submitting the document.

Surging institutional interest in XRP, coupled with Ripple’s efforts to enter regulated markets, are fueling expectations that major asset managers may consider XRP-based products. The Canary XRPC ETF’s performance significantly outperformed many other crypto ETF launches in 2025, exceeding expectations among industry analysts.

The previous filing incident, initially dismissed as a potential fraudulent submission, continues to influence discussions within the XRP community. Many remain convinced that BlackRock may have explored, or tested, the concept of an XRP trust.

Ripple CEO Brad Garlinghouse reinforced the momentum during the company’s Swell event, emphasizing ongoing collaborations with traditional financial institutions to integrate digital assets within regulated frameworks.

With sustained ETF inflows and increasing XRP visibility among institutions, market participants believe a BlackRock XRP ETF may be a matter of time. The growing demand signals that the possibility remains under consideration.

The Canary XRPC ETF provides a regulated avenue for investors to gain exposure to XRP, but carries investment risks that should be assessed alongside financial goals.

There is no confirmed BlackRock XRP ETF; speculation is driven by past filings and increasing institutional demand for XRP products. The previously spotted 2023 iShares XRP Trust filing continues to fuel this speculation.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.