While some financial companies are racing to launch the XRP exchange-traded fund (ETF), the biggest name in the room—BlackRock—remains silent. Despite 15 ETF XRP filings from companies like Grayscale, Bitwise, and even Canary Capital, BlackRock has yet to make a move. But their silence may be more strategic than it seems.
A conversation between an expert and an insider at BlackRock revealed two dates to pay attention to: May 1 and June 9. The reason behind these dates has not been disclosed, but there is growing speculation that something important is about to happen.
Why is BlackRock Holding Back?
BlackRock's hesitation is not because they dislike XRP. According to industry rumors, it’s all about timing and leverage. By staying away from the current XRP ETF frenzy, BlackRock avoids the risk of being rejected by the SEC. If others are denied, they will escape the headlines. If approved later, they could jump in—well-prepared and with full force.
Some analysts suggest that this is also a negotiation tactic. Behind the scenes, BlackRock may be pressuring Ripple, the company behind XRP, to strengthen partnerships, improve institutional demand, and build robust custody solutions. In this way, when BlackRock finally enters the game, they are stepping into a market that is already primed for a golden moment.
What Happens If the SEC Approves XRP?
If the SEC officially declares that XRP is not a security, this could be a turning point. Liquidity will soar, institutions may jump in without fear, and demand for XRP ETFs could skyrocket. And if that moment comes, BlackRock will be in a perfect position to participate with a reliable product, potentially even dominating the space.