So, Canary Capital CEO Steven McClurg-basically the Crypto Nostradamus-dropped a hot take that BlackRock might jump on the XRP ETF bandwagon by late 2026. Because, you know, nothing says “financial innovation” like waiting until the next presidential election to make a move. McClurg calls it a “demand-led decision,” which is just Wall Street-speak for “we’re following the herd, but with fancier PowerPoint slides.”
In a Jan. 27 chat with Crypto Sensei (yes, that’s a real thing), McClurg pointed out that everyone from Fidelity to Franklin Templeton is already dipping their toes into the non-Bitcoin ETF pool. “BlackRock’s just fashionably late,” he basically said, adding that Invesco’s Solana ETF filing is like the appetizer before the XRP main course. “Give it time,” he quipped. “XRP will be there, probably right after my next Botox appointment.”
BlackRock’s ETF Playbook: Follow the Money, Then Pretend It Was Your Idea
According to McClurg, the ETF game is simple: issuers wait for client demand, check if the market’s liquid enough to swim in, and then act like they invented the wheel. “It’s less about narratives and more about whether investors are throwing money at it,” he explained. Basically, BlackRock’s just waiting for the XRP FOMO to hit critical mass before they slap their logo on it.
Canary Capital, meanwhile, is playing the same game but with a side of “occasional risk-taking.” McClurg admitted they’ll gamble on early-stage tokens, like Axelar, but only if the demand doesn’t ghost them. “We’re not here to lose money on vibes,” he joked. “Unless it’s on a really good brunch.”
McClurg also spilled that institutional investors are treating Bitcoin like gold but side-eyeing Ethereum like it’s last season’s trend. “Everyone’s like, ‘Ethereum? That’s so 2015,’” he said. Instead, they’re swooning over “cheap and efficient” networks like XRP Ledger, Hedera, and Solana. Because who doesn’t love a blockchain that won’t break the bank?
On the bank adoption front, McClurg predicts a crypto protocol free-for-all, with Ripple leading the pack, Hedera in second, and Solana bringing up the rear. “Solana’s like the third wheel at a party,” he quipped. He’s also betting big on Ripple’s stablecoin RLUSD, calling it “the next big thing” and casually predicting it could dethrone USDC. Bold? Yes. Entertaining? Absolutely.
Of course, all of this hinges on regulatory clarity. “Just give us the rules so we can make money without a lawyer on speed dial,” McClurg pleaded. Because nothing says “innovation” like begging the government for permission.
At press time, XRP was chilling at $1.75, probably waiting for BlackRock to make its move. Or maybe it’s just taking a nap. Who knows?
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2026-01-30 16:51