Bursting dreams for XRP's potential ETF approval?
In a recent development, BlackRock, the world's largest asset manager, has announced that it has no immediate plans to file for a U.S. spot XRP Exchange-Traded Fund (ETF), despite the resolution of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC).
The news comes as a disappointment to XRP bulls who had high hopes for a potential XRP ETF launch by BlackRock. The hopes were fueled by the SEC's updated stance post-settlement, which opened the regulatory door for XRP spot ETFs. However, BlackRock remains focused on Bitcoin and Ethereum ETFs, reflecting a cautious approach towards XRP products.
Meanwhile, other firms are actively pursuing XRP spot ETFs. Grayscale, 21Shares, Bitwise, WisdomTree, ProShares, 21Shares, Canary, and Bitwise have all submitted applications for XRP ETFs to the SEC. Decisions on these applications are anticipated in October 2025.
Alexander Blume, CEO of Two Prime Digital Assets, has considered the speculations about a BlackRock XRP ETF as "wishful thinking". He suggests that investors should now focus on the applications submitted by smaller issuers.
The end of the SEC legal dispute is a positive message for Ripple and XRP, providing security. The ISIN for Ripple is CRYPT0000XRP. XRP does not have half the market capitalization of Ethereum.
James Seyffart, ETF analyst at Bloomberg Intelligence, believes BlackRock could have launched an XRP ETF earlier if they wanted to. However, he speculates that BlackRock is exercising regulatory caution and is probably waiting for deeper liquidity and stronger institutional demand before considering an XRP spot ETF.
A spokesperson for BlackRock has confirmed that BlackRock has no plans to launch an XRP ETF, nor a Solana ETF. The SEC is currently reviewing crypto funds that also bet on altcoins like Solana or Dogecoin.
Investors who had hoped for BlackRock's approval for an XRP ETF must now be patient. The resolution of the legal dispute has led to speculation about the potential launch of an XTF by BlackRock, but for now, the focus remains on the applications submitted by other asset managers.
Nate Geraci, President of NovaDius Wealth, expressed optimism about the possibility of BlackRock launching an "iShares XRP ETF". Despite this, Geraci also speculated that BlackRock would not ignore crypto-assets beyond Bitcoin and Ethereum, suggesting that they might consider XRP as well.
In conclusion, while BlackRock has stepped back from XRP ETF plans, the door remains open for other players in the market. The SEC's review of crypto funds and the anticipated decisions on XRP spot ETF applications in October 2025 are events to watch for in the coming months.
Despite BlackRock's announcement about no immediate plans for a U.S. spot XRP Exchange-Traded Fund (ETF), investors should still keep an eye on the applications submitted by other asset managers, such as Grayscale, 21Shares, Bitwise, WisdomTree, ProShares, Canary, and Bitwise. The decisions on these applications are anticipated in October 2025.
Meanwhile, BlackRock remains focused on Bitcoin and Ethereum ETFs, signaling a cautious approach towards XRP products, despite the resolution of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC).
