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Popular author and filmmaker Paul Barron shared his thoughts on the first launched US spot XRP exchange-traded fund (ETF). Barron’s said BlackRock, the world’s largest asset manager, missed an incredible opportunity.
Did BlackRock Underestimate Demand for XRP ETF?
In an X position, Barron he wrote“BlackRock missed this – the battle is now! $XRP.’
Barron’s said Canary Capital beat BlackRock to the punch with its XRP ETF launch. He implied that BlackRock underestimated the demand for XRP, allowing a competitor to capture the first mover advantage and the first flows.
BlackRock is a dominant player in crypto ETFs, launching the first spot Bitcoin ETF in January 2024.
The fund has accumulated billions in flows and set the standard for institutional crypto income. The asset manager has also expanded to Ethereum (ETH) and other assets.
However, BlackRock has yet to introduce or launch a spot XRP ETF. It is possibly due to a strategic focus on higher profile assets like BTC and ETH.
As revealed in a U. Today reportCanary Capital debuted the first US spot XRP ETF on November 13, 2025. Canary Capital launched the XRPC ETF on Nasdaq, providing investors with direct and regulated exposure to XRP.
This followed regulatory milestones, including an August 2025 settlement in the long-running SEC vs. Ripple lawsuit.
The launch was a massive success right out of the gate. XRPC reached more than $25 million in volume in the first 30 minutes of trading, according to a TradingView report.
Bloomberg analyst Eric Balchunas highlighted this XRPC has become the largest ETF launch of 2025. In the first trading day, the volume reached $58 million.
As a result, XRPC slightly outperformed the Bitwise Solana Staking ETF (BSOL), which began trading on October 28.
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Will BlackRock give up?
Analyst Dom Kwok noted a post from TradingView, noting that he predicted in August that an XRP ETF would be “among the most popular ever.”
Kwok highlighted the volume as evidence of increased demand and suggested that BlackRock could soon follow suit with its own XRP product.
If this happens, it would signal wider institutional adoption and rising prices for the XRP coin.
The price of XRP increased about 3.6% in the 24 hours after the launch of the Canary ETF. However, the price has since decreased and is now trading at $2.2, down 8.4% in the last 24 hours.
