BlackRock Poised to Enter XRP ETF Race as Competition Heats Up

Institutional demand for XRP ETFs is rising, with BlackRock expected to file soon, following Franklin Templeton’s recent application.

As firms race to establish a presence in digital asset investment, BlackRock aims to avoid past missteps, particularly with Bitcoin ETFs.

ETF Store president Nate Geraci predicts BlackRock will pursue both Solana and XRP ETFs, though an XRP filing may depend on the outcome of Ripple’s SEC case.

A 2023 court ruling found Ripple’s institutional XRP sales unlawful, resulting in a $125 million penalty, though public sales were deemed legal. Meanwhile, the SEC has softened its stance on major crypto firms, fueling speculation about XRP’s regulatory future.

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Already dominating Bitcoin and Ether ETFs, BlackRock is unlikely to let competitors take the lead on other major cryptocurrencies. Analysts believe the firm may also explore broader crypto index ETFs.

The SEC’s slow approval process has heightened anticipation, allowing firms to refine their strategies. Investors are watching closely, expecting clearer regulations to drive institutional adoption and solidify XRP’s place in the ETF market.

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Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.