BlackRock XRP ETF Speculation Grows as Canary XRPC ETF Breaks Records

Speculation about a possible BlackRock XRP ETF is rising again after the Canary XRPC ETF delivered one of the strongest ETF launches of the year. The new fund generated more than 58 million dollars in first-day volume and 245 million dollars in net inflows, outperforming hundreds of other ETF debuts in 2025.

Past Filing Sparks New Questions

Interest in BlackRock resurged after analyst Jake Claver referenced 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 potential fraudulent filing, the event left a lasting impression in the XRP community. Many supporters still believe BlackRock may have experimented with or tested the idea of an XRP trust.

Record Inflows Boost 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 Solana products. Industry analysts who expected moderate interest were surprised by the level of institutional participation.

Ripple CEO Brad Garlinghouse added to the momentum during the company’s Swell event, explaining that Ripple continues to work closely with traditional financial firms to bring digital assets into regulated markets.

With ETF inflows rising and XRP gaining more visibility among institutions, many investors believe it is only a matter of time before a firm like BlackRock considers entering the space. Whether that happens soon remains to be seen, but the growing demand suggests the discussion is far from over.

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