According to Odaily, Nate Geraci, President of THE ETF Store, stated that the resolution of the dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has cleared the path for a spot XRP ETF and facilitated BlackRock's involvement. Ripple Labs recently announced the withdrawal of its cross-appeal against the SEC and will comply with the court's previous rulings. This decision signifies the potential conclusion of the legal battles that have persisted since the SEC filed a lawsuit against Ripple in 2019.

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