{"id":888715,"date":"2026-01-29T23:12:04","date_gmt":"2026-01-30T05:12:04","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/29\/why-blackrock-hasnt-filed-an-xrp-etf-yet-according-to-canary-capital\/"},"modified":"2026-01-29T23:12:04","modified_gmt":"2026-01-30T05:12:04","slug":"why-blackrock-hasnt-filed-an-xrp-etf-yet-according-to-canary-capital","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/29\/why-blackrock-hasnt-filed-an-xrp-etf-yet-according-to-canary-capital\/","title":{"rendered":"Why BlackRock Hasn\u2019t Filed an XRP ETF Yet, According to Canary Capital"},"content":{"rendered":"<div role=\"main\" id=\"main-content-row\">\n<article id=\"the-post\" data-post-url=\"https:\/\/coinpedia.org\/news\/why-blackrock-hasnt-filed-an-xrp-etf-yet-according-to-canary-capital\/\" data-post-title=\"Why BlackRock Hasn\u2019t Filed an XRP ETF Yet, According to Canary Capital\" data-post-edit=\"https:\/\/coinpedia.org\/wp-admin\/post.php?post=539857&#038;action=edit\">\n<div>\n<figure><img width=\"1200\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/11\/20170239\/Are-Ripple-and-BlackRock-Dropping-Clues-About-an-XRP-ETF-Heres-Why-It-Matters.webp\" alt=\"Are Ripple and BlackRock Dropping Clues About an XRP ETF Here\u2019s Why It Matters\" data-main-img=\"1\" decoding=\"async\" fetchpriority=\"high\"  ><\/figure>\n<\/div>\n<div>\n<p>Talk of an XRP exchange-traded fund (ETF) may be moving from speculation to possibility, according to Steven McClurg, CEO of Canary Capital.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=I_xlnqsNfJw\" rel=\"nofollow\">In a recent interview, <\/a>McClurg said it would not surprise him if BlackRock files for a spot XRP ETF by late 2026 or 2027, as institutional interest in crypto products continues to expand beyond Bitcoin.<\/p>\n<h2 id=\"h-why-blackrock-could-eventually-look-at-xrp\">Why BlackRock Could Eventually Look at XRP<\/h2>\n<p>McClurg explained that large ETF providers typically respond to demand rather than lead it. He pointed out that BlackRock launched its Bitcoin product only after seeing strong and consistent institutional interest.<\/p>\n<p>\u201cThe reason they launched Bitcoin ETFs is simple,\u201d McClurg said. \u201cEnough institutions were asking for them.\u201d<\/p>\n<p>He says the same process could eventually apply to XRP, once demand reaches a similar level.<\/p>\n<h2 id=\"h-other-asset-managers-are-already-moving\">Other Asset Managers Are Already Moving<\/h2>\n<p>According to McClurg, the ETF race is no longer limited to Bitcoin. Firms such as Fidelity and Franklin Templeton are already exploring broader crypto exposure, while Invesco has recently filed for a Solana ETF.<\/p>\n<p>\u201cWith that kind of momentum,\u201d McClurg said, \u201cit\u2019s only a matter of time before XRP enters the conversation.\u201d<\/p>\n<h2 id=\"h-how-institutions-view-xrp-versus-bitcoin-and-ethereum\">How Institutions View XRP Versus Bitcoin and Ethereum<\/h2>\n<p>McClurg said institutional investors clearly separate crypto assets by purpose:<\/p>\n<ul>\n<li>Bitcoin is seen as a hedge, similar to gold<\/li>\n<li>Ethereum is increasingly viewed as expensive to operate and easy to replicate<\/li>\n<li>XRP stands out for efficiency, low costs, and financial-market use cases<\/li>\n<\/ul>\n<p>He added that institutions care less about hype and more about whether a network can support large-scale financial activity.<\/p>\n<h2 id=\"h-what-etf-issuers-look-for-before-filing\">What ETF Issuers Look For Before Filing<\/h2>\n<p>McClurg outlined three conditions ETF issuers like BlackRock typically want to see before launching new products:<\/p>\n<ol>\n<li>Sustained institutional demand<\/li>\n<li>A large and liquid market cap<\/li>\n<li>Regulatory clarity and operational readiness<\/li>\n<\/ol>\n<p>In his view, XRP is gradually checking those boxes.<\/p>\n<\/div>\n<div>\n<h3>Trust with CoinPedia:<\/h3>\n<p>CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto &#038; blockchain, right from startups to industry majors.<\/p>\n<h3>Investment Disclaimer:<\/h3>\n<p>All opinions and insights shared represent the author&#8217;s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.<\/p>\n<h3>Sponsored and Advertisements:<\/h3>\n<p>Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.<\/p>\n<\/div>\n<div>\n<h2>We&#8217;d Love to Hear Your Thoughts on This Article!<\/h2>\n<div>\n<h4>Was this writing helpful?<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/coinpedia.org\/news\/why-blackrock-hasnt-filed-an-xrp-etf-yet-according-to-canary-capital\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n \ufeffAnjali Belgaumkar<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talk of an XRP exchange-traded fund (ETF) may be moving from speculation to possibility, according to Steven McClurg, CEO of Canary Capital. In a recent interview, McClurg said it would not surprise him if BlackRock files for a spot XRP ETF by late 2026 or 2027, as institutional interest in crypto products continues to expand<\/p>\n","protected":false},"author":1,"featured_media":888716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[164,22012],"tags":[],"class_list":{"0":"post-888715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blackrock","8":"category-hasnt"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/888715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=888715"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/888715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/888716"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=888715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=888715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=888715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}