BlackRock’s XRP ETF interest could signal a major shift in its digital asset investment strategy, especially after dismissing altcoins previously.
VanEck and smaller firms have challenged the SEC, arguing that current processes favor dominant players like BlackRock and Fidelity.
Market sentiment remains bullish on XRP ETF approval, with Polymarket odds and Bloomberg predictions pointing to potential movement within 2025.
BlackRock is reportedly considering an XRP exchange-traded fund, signaling a possible change in strategy from its previous cautious stance on altcoins. While the company has not yet made any official announcement, analysts and experts in the industry are feeling that it could happen soon.
According to ETF analyst Nate Geraci, the XRP or Solana ETFs may be given extra approval at once. This situation could be similar to BlackRock’s approach in its application for Bitcoin and Ethereum ETFs. As the market changes and more institutions are interested in digital assets, the idea has become more important.
ETF Competition Intensifies Among Key Players
The potential entry of BlackRock into the XRP ETF race has intensified competition. Current applicants include Bitwise, Canary Capital, 21Shares, and Franklin Templeton. These firms are already seeking SEC approval for various cryptocurrency ETFs. A sudden move from BlackRock could disrupt their positioning and impact the SEC’s review timeline.
VanEck recently submitted a letter to the Securities and Exchange Commission expressing concern over the treatment of smaller issuers. The letter argued that firms like BlackRock and Fidelity have received preferential consideration, sidelining earlier filers. VanEck and others have asked the SEC to revive a "first-to-file" rule to ensure a level playing field.
Despite the lack of formal filings, market expectations for an XRP ETF approval remain high. Data from prediction markets such as Polymarket show strong confidence among investors. Bloomberg has also reported that an ETF under Paul Atkins's SEC leadership could gain approval by late 2025. However, some sources suggest that approval might occur as soon as July.
The post BlackRock’s Potential XRP ETF May Reshape Competitive Crypto Market appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
