- Pro-Ripple lawyer John Deaton says Wall Street’s profit drive will likely push major firms to launch an XRP ETF despite current hesitation.
- Ripple’s legal victory over the SEC removes a major barrier, increasing pressure on asset managers like BlackRock to expand beyond BTC and ETH.
- Analysts see strong odds for approval, with prediction markets at 66%, and expect big firms to act once they see solid demand for XRP ETFs.
The Ripple-SEC saga might be over, but the conversation around an XRP ETF is just getting started. Pro-Ripple lawyer John Deaton says Wall Street simply won’t be able to resist — too much money on the table. Right now, BlackRock says it’s not planning one… but that’s the kind of stance that can flip overnight when profit starts calling.
Deaton’s point is pretty blunt: with legal clarity finally here, the road’s wide open for asset managers to look beyond the usual Bitcoin and Ethereum plays. Nate Geraci from ETF Store even hinted that maybe BlackRock was waiting for the court outcome before moving on an iShares XRP ETF. Either way, the mood feels like “it’s not if, it’s when.”
Legal Win Removes a Major Roadblock
Ripple’s courtroom win stripped away one of the biggest hurdles — the SEC’s accusation that XRP was an unregistered security. A judge ruled that certain XRP sales didn’t break securities laws, and that’s a green light in the eyes of a lot of ETF watchers.
For big players like BlackRock, it’s not just about adding another ticker symbol. It’s about market reach, liquidity, and giving investors exposure to one of the most traded altcoins out there. The SEC is still weighing a bunch of crypto ETF proposals (including XRP and Solana), so the timing could be lining up just right.
The Odds Game and Wall Street Strategy
Sure, SEC Commissioner Caroline Crenshaw voted against the latest round of crypto ETF proposals — but Bloomberg’s Eric Balchunas called her vote predictable, almost routine. He doesn’t see it sinking the broader approval odds. Right now, prediction markets have the XRP ETF sitting at around a 66% chance of approval.
And BlackRock? Well, they’re not jumping yet. But they also weren’t the first to launch a Bitcoin ETF. These giants like to watch the water before diving in. Still, the pressure is mounting, and if history’s any guide, “waiting” could turn into “launching” faster than anyone expects.
