Speculation about a possible BlackRock XRP ETF is heating up again 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 $245 million in net inflows, outperforming hundreds of other ETF debuts in 2025.
Earlier submission raises new questions
Interest in BlackRock subsequently revived analyst Jake Claver referred to the unusual iShares XRP Trust filing that briefly appeared on the Delaware Corporation Commission website in November 2023. Although BlackRock denied submitting the document and state officials later treated it as a potentially fraudulent filing, the event left a lasting impression on the XRP community. Many supporters still believe that BlackRock may have experimented with or tested the idea of an XRP trust.
Record inflow increases expectations
The strong launch of the Canary XRPC ETF has renewed optimism around institutional demand for XRP. The funds’ first-day volume surpassed the debut of several major crypto ETFs, including top products from Solana. Industry analysts who expected muted interest were surprised by the level of institutional participation.
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Ripple CEO Brad Garlinghouse added to the momentum at the company’s Swell event, explaining that Ripple continues to work closely with traditional financial firms to bring digital assets to regulated markets.
With ETF inflows increasing and XRP becoming more visible among institutions, many investors believe it is only a matter of time before a company like BlackRock considers entering this market. Whether that happens soon remains to be seen, but growing demand suggests the discussion is far from over.
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Frequently asked questions
There is no confirmed BlackRock XRP ETF, but renewed interest comes from early filings and rising institutional demand for XRP products.
Hope remains after a 2023 iShares XRP Trust filing spotted in Delaware that BlackRock denied. Recent successful XRP ETF launches have revived this speculation.
Crypto ETFs can provide a regulated way to gain exposure to digital assets. But like all investments, they come with risks and you should first assess your financial goals.
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