Will BlackRock launch a spot XRP fund in 2026?

Last November, ChatGPT published an analysis report exploring the possibility of BlackRock launching an XRP spot ETF.

At the time, there was no official sign confirming this, but the idea was based on observing the growing interest in digital assets from major institutions.

Today, the scene has changed dramatically, which raises the question anew:

Is BlackRock more likely to take action in 2026?

The most eye-catching development is the official launch of spot XRP funds on November 13. The first fund is called XRPC and comes from Canary Capital, followed by four other companies.

Data as of January 9 show that the scale of assets under management is approximately:

• Canary Capital (XRPC): approximately $375 million
• Bitwise (XRP): ~$300 million
• Franklin Templeton (XRPZ): ~$279 million
• Grayscale (GXRP): ~$271 million
• 21Shares (TOXR): ~$246 million

This brings total assets under management to approximately $1.5 billion, a figure that reflects clear demand for the product.

Assets under management grew almost continuously as of Jan. 5, before net assets fell by about $150 million, SoSoValue data shows.

Although they are larger compared to Ethereum spot funds, they have seen their assets bleed since October 2025.

This disparity opens the door to questions about whether BlackRock would consider entering the XRP fund market during 2026, especially as the regulatory environment evolves and competitors receive significant inflows.

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