Widespread writer and filmmaker Paul Barron has shared his ideas on the primary launched U.S. spot XRP exchange-traded fund (ETF). Barron claimed BlackRock, the world’s largest asset supervisor, missed out on an incredible alternative.
Did BlackRock underestimate XRP ETF demand?
In an X publish, Barron wrote, “BlackRock missed this one – the battle is on now! $XRP.”
Barron is mentioning that Canary Capital beat BlackRock to the punch with its XRP ETF launch. He implied that BlackRock underestimated the demand for XRP, permitting a competitor to seize first-mover benefit and early inflows.
BlackRock is a dominant participant in crypto ETFs, launching the primary spot Bitcoin ETF in January 2024.
The fund amassed billions in inflows and set the usual for institutional entry into crypto. The asset supervisor additionally expanded into Ethereum (ETH) and different belongings.
Nonetheless, BlackRock has not filed for or launched a spot XRP ETF but. It’s presumably as a result of a strategic give attention to higher-profile belongings like BTC and ETH.
As revealed in a U.Right this moment report, Canary Capital debuted the primary U.S. spot XRP ETF on Nov. 13, 2025. Canary Capital launched the XRPC ETF on Nasdaq, offering traders with direct, regulated publicity to XRP.
This adopted regulatory milestones, together with an August 2025 settlement within the long-running SEC vs. Ripple lawsuit.
The launch was a large success proper out of the gate. XRPC hit over $25 million in quantity inside the first half-hour of buying and selling, based on a report from TradingView.
Bloomberg analyst Eric Balchunas highlighted that XRPC has grow to be the largest ETF launch of 2025. On the primary day of buying and selling, quantity reached $58 million.
Consequently, XRPC barely outperformed the Bitwise Solana Staking ETF (BSOL), which started buying and selling on Oct. 28.
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Will BlackRock give in?
Analyst Dom Kwok spotlighted a publish from TradingView, noting he had forecasted in August that an XRP ETF could be “among the many hottest ever.”
Kwok highlighted the quantity as proof of elevated demand and recommended BlackRock would possibly quickly observe with its personal XRP product.
If this occurs, it will sign broader institutional adoption and elevated costs for the XRP coin.
The worth of XRP rose about 3.6% within the 24 hours after the Canary ETF launch. Nonetheless, the value has since declined and is now buying and selling at $2.20, down 8.4% over the previous 24 hours.