BlackRock XRP ETF: High Expectations, Greater Risks?
BlackRock – the giant with over $11.6 trillion in assets under management – is rumored to be entering the race to create an ETF for XRP. While many view this as a positive signal for XRP, some experts warn: the real goal of the ETF is not to promote usage but to control and profit for the financial elite.
Vandell Aljarrah (Black Swan Capitalist) argues that the ETF will cause investors to lose the ability to self-manage digital assets – which is at the core of crypto. When holding XRP through the ETF, you cannot stake, provide liquidity, or use it for transfers like with the original XRP.
Currently, there are 9 companies such as Bitwise, 21Shares, and Grayscale that have filed for XRP ETF, but BlackRock remains on the sidelines. Nonetheless, rumors surrounding them have pushed approval expectations from 77% to 81%. But will this ETF bring benefits to the community, or is it just a speculative tool?
Conclusion: The XRP ETF may open new capital flows, but at the same time, it limits the spirit of decentralization and the practical utility of XRP.
Source: TinTucBitcoin
