BlackRock XRP ETF Next? Canary CEO Eyes Late 2026
Canary Capital CEO Steven McClurg anticipates that BlackRock may file for a spot XRP ETF by late 2026 or 2027, driven by client demand rather than a sudden strategic shift. He notes that other major firms like Fidelity, Franklin Templeton, and Invesco are already exploring non-Bitcoin crypto ETFs, signaling a growing institutional trend. McClurg emphasizes that ETF issuers prioritize market demand, liquidity, and regulatory clarity before launching products. He also observes that institutions are increasingly interested in efficient, low-cost networks like XRP Ledger, Hedera, and Solana, while some are bypassing Ethereum due to perceptions of outdated technology. Additionally, he highlights Ripple’s potential in banking partnerships and stablecoin (RLUSD) growth, tying broader adoption to clearer regulations. At the time of reporting, XRP was trading at $1.75.
bitcoinist01/30 18:32