XRP Surges, Then Slides—Did BlackRock’s Silence Stall the ETF Buzz?
Speculation over a potential XRP-spot ETF filing sent XRP soaring to a seven-week high of $2.4813 on Sunday, May 11. But hopes quickly dimmed as BlackRock (BLK) remained silent on whether it discussed XRP during its recent meeting with the SEC. That silence fueled uncertainty, dragging XRP to a low of $2.3293 before stabilizing.
Recent price trends highlight the potential impact of the SEC withdrawing its appeal and approving XRP-spot ETFs. To date, 21Shares, Bitwise, Canary Funds, Franklin Templeton, Grayscale, and WisdomTree have filed for XRP-spot ETFs. The SEC recently extended its review of the Franklin XRP Fund by 45 days.
