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"BLACKROCK IS PLANNING TO FILE FOR AN #XRP ETF APPLICATION" means that BlackRock, one of the world's largest asset management firms, is considering submitting a formal application to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on XRP. An ETF is a financial product that allows investors to buy shares that track the price of an underlying asset, like a cryptocurrency or stock, without directly owning the asset. In this case, BlackRock would be looking to create an ETF that is tied to the value of XRP, which is the cryptocurrency associated with the Ripple network. Filing for an ETF application means that BlackRock would want approval from regulatory bodies like the SEC to offer this product on public stock exchanges, allowing investors to trade shares of the XRP ETF just like any other traditional investment. If approved, it could make investing in XRP more accessible to institutional and retail investors. #XRP_ETF #RLUSDApprovalBoostXRP $XRP
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