When I first heard about the possibility of an XRP ETF, it felt like someone upended the calm of my coffee table and sprayed every corner with a paintball of speculation. Steven McClurg, the CEO of Canary Capital, recently let the conversation sink into a slow, almost too-plaid rhythm. He says BlackRock might finally file for a spot XRP ETF between late 2026 and 2027, assuming institutional interest continues its steady march beyond the Bitcoin shrine.
Why BlackRock Could Eventually Look at XRP
BlackRock never rushes in – they tend to wait until the shouts and whistles from the institutional crowd are demanding their new weapon of mass containment. Think of it like a theater director who pays no heed to the critics until the show is sold out. McClurg mused that the Bitcoin ETF launched only after a chorus of “Hey, we want more Bitcoin!” resoundingly echoed. “Enough institutions were asking for them,” he wryly jabbed.
Other Asset Managers Are Already Moving
It turns out you’re not the only one dreaming in crypto. Fidelity and Franklin Templeton are rummaging through their back‑up crates for crypto gear, while Invesco has already filed an ETF for Solana. “With that kind of momentum,” McClurg noted, “XRP is just a matter of time before it joins the conga line.”
How Institutions View XRP Versus Bitcoin and Ethereum
According to McClurg, the institutional mind does a triage of cryptocurrencies:
- Bitcoin is the hedge, the digital gold of the 21st‑century financial equivalent of a warm blanket in an office freezer.
- Ethereum is the fancy, \$10‑per‑gas burger that’s expensive but can be replicated by the kids who didn’t pay the price of less than a grain of salt.
- XRP is the accountant’s dream: efficient, cheap, and practically sitting on a railroad track of robust financial use cases.
He points out that institutions don’t care about social media noise; they care if a network can handle the fiscal weight of a whole civilization’s money flow.
What ETF Issuers Look For Before Filing
BlackRock’s entry process is like a very formal vetting procedure. McClurg outlines three script‑lined prerequisites:
- Sustained institutional demand – the quiet, but unmistakable, call for the product.
- A large and liquid market cap – so the ETF can actually float without swabbing the floor.
- Regulatory clarity and operational readiness – because you can’t serve a customer if the paperwork is still missing a signature.
By the time you read this, XRP is too good to ignore, and the boxes are popping like bubbles in soda – albeit sluggishly, maybe.
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2026-01-29 21:36