📢 BlackRock Speculation Lifts XRP to 7-Week High 🚀🚀
XRP surged 10.24% to close at a seven-week high of $2.61 on Saturday, May 10, following speculation that BlackRock (BLK) may file an XRP-spot ETF application.
The letter underscored BlackRock’s plans to launch additional crypto-spot ETFs, with requests to discuss:
🔺Factors for approving crypto ETPs under Section 6(b) of the Exchange Act.
🔺Possible interim frameworks for ETP issuer activities.
Despite growing speculation, BlackRock has remained silent on any XRP-spot ETF plans since debunking a fake iShares XRP-spot ETF Trust filing in November 2023. The event, which triggered a pump-and-dump rally, likely forced the ETF issuer to delay plans pending the outcome of the SEC vs. Ripple case.
#XRPPredictions #XRPBoom #RippleXRP #RippleETF #BinanceAirdropNXPC
