- BlackRock hasn’t filed for an XRP ETF yet, citing lingering regulatory concerns despite a pro-crypto shift in Washington.
- Recent meetings between BlackRock and the SEC’s Crypto Task Force have fueled speculation about a potential XRP ETF filing.
- XRP recently became the third-largest crypto by market cap, raising questions about whether BlackRock will seize the opportunity for institutional exposure.
Despite launching the blockbuster iShares Bitcoin Trust (IBIT) last year, BlackRock has yet to file for an XRP ETF – a move that has surprised many in the crypto space. The $11 trillion asset manager has stated that it won’t pursue an XRP fund as long as regulatory uncertainty lingers. But with a new pro-crypto administration in Washington, those barriers could be fading fast. The question now: Will BlackRock change its stance and bring XRP to the ETF market?
Rumors Swirl as BlackRock Meets with SEC Crypto Task Force
The speculation around a potential XRP ETF intensified after a recent meeting between BlackRock and the SEC’s Crypto Task Force. The discussions reportedly centered around ETF approval standards, fueling chatter that the firm could be exploring an XRP filing. Given how pivotal the iShares Bitcoin ETF was for Bitcoin’s meteoric rise to $109,000, a similar product for XRP could be a game changer – especially as the asset continues to climb toward the $3 mark.
XRP Gains Ground – But Will BlackRock Take the Leap?
XRP recently overtook Tether (USDT) to become the third-largest cryptocurrency by market cap, underscoring its rising prominence. With its established use case as a cross-border payment facilitator, the asset is gaining traction among institutional investors. Yet, BlackRock remains tight-lipped about its ETF plans, even as other financial giants pile into the crypto ETF space. If regulatory clarity emerges, the firm’s stance could shift – and that could mean massive institutional exposure for XRP.
Institutional Exposure – The Next Big Move for XRP?
An XRP ETF could provide a new wave of liquidity, drawing institutional money to the asset just as the iShares Bitcoin Trust did for Bitcoin. BlackRock’s influence in the market is undeniable, and if it does decide to file, the ripple effect (no pun intended) could be enormous.
But for now, the firm seems to be holding back, waiting for clearer regulatory signals – a cautious approach that may either cost them first-mover advantage or strategically position them to dominate a newly legitimized crypto ETF market.
