Canary’s XRPC ETF posted $58 million in first-day volume and $245 million in inflows, reigniting speculation about a possible BlackRock XRP ETF after the 2023 iShares filing incident.
The growing interest from institutional investors and Ripple’s move into regulated markets has raised hopes that major companies like BlackRock will eventually consider XRP products.
Speculation about a potential BlackRock XRP ETF is once again on the rise after the Canary XRPC ETF delivered one of the strongest ETF launches of the year. The new fund generated more than $58 million in first-day volume and more than $245 million in net inflows, outpacing hundreds of other ETFs that debuted in 2025.
Past Application Spark New Questions
Interest in BlackRock was reignited after analyst Jake Claver mentioned an unusual iShares XRP Trust filing that was briefly posted on the Delaware Corporation Commission website in November 2023. Although BlackRock denied providing the document and state authorities later treated it as a possible fraudulent application, the incident left a strong impression on the XRP community. Many supporters still believe that BlackRock may have experimented or tested the idea of an XRP trust.
Record influx raises expectations
The strong launch of the Canary XRPC ETF has renewed optimism about institutional demand for XRP. The fund’s first-day volume exceeded the debuts of several major crypto ETFs, including the top Solana product. Industry analysts, who had expected moderate interest, were surprised by the level of institutional investor participation.
Ripple CEO Brad Garlinghouse explained that Ripple continues to work closely with traditional financial companies to bring digital assets to regulated markets, gaining momentum during the company’s swell event.
With increasing ETF inflows and growing awareness of XRP among financial institutions, many investors believe it is only a matter of time before companies like BlackRock consider entering the space. Whether that will happen soon remains to be seen, but rising demand suggests the discussion is far from over.
FAQ
The BlackRock XRP ETF has not been confirmed, but there is renewed interest due to past filings and growing institutional demand for XRP products.
Hope remains from the 2023 iShares XRP Trust filing discovered in Delaware, which BlackRock has denied. The recent successful launch of the XRP ETF has renewed this speculation.
Crypto ETFs can provide a regulated way to gain exposure to digital assets. However, like any investment, there are risks involved, so you should first assess your financial goals.
