Why I’m bullish on a Blackrock XRP ETF
Within days, Blackrock could completely displace the spot XRP ETF market.
The world’s largest asset manager moves when math forces it to move. It’s that simple.
Canary Capital CEO Steven McClurg calculated the number in February. He said combined XRP ETF assets need to reach roughly $3 billion before BlackRock’s institutional clients pound the table hard enough to force the company’s ETF filing.
As of May 8, cumulative net inflows into spot XRP ETFs hit $1.3 billion. The trigger is $3 billion. We are nearly halfway there, and we got here in less than six months.
That’s a trade setup. Now.
And if you want to wait until we actually get to $3 billion, let me pause for a moment and listen to Wall Street chuckle.
BlackRock is calculating. They always are.
The regulatory blessings BlackRock needs to write its ETF application have arrived.
The CLARITY Act heads to a Senate Banking Committee vote on Thursday, with bank lobbyists scrambling to insert last-minute language, per my Bloomberg feed.
Kevin Warsh, Trump’s incoming Fed Chair pick, is getting ready to pump liquidity into speculative markets. Every regulatory layer that kept BlackRock out of XRP is being peeled back in real time.
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XRP Premium Analysis
Something very interesting at Bitwise and Canary is happening, and I think it’s going to force the Blackrock filing earlier than most people…