Ripple has officially ended its consideration of suing the U.S. SEC, marking a final chapter in the prolonged legal battle. This has created a wave of excitement in the cryptocurrency community with the potential emergence of a spot XRP ETF in the U.S., possibly from financial giant BlackRock. As the market is flooded with optimism, the price of XRP has increased by more than 3.5% in just a few hours. It is certain that this event is significant not only for Ripple but also brings new growth potential for related ETF funds in the near future.
Entering a New Era: Ending the Lawsuit, Starting the Discussion on XRP ETF
Ripple has made a strategic decision to withdraw its appeal related to the XRP lawsuit. This decision not only marks the end of the dispute that has lasted since 2020 but also paves the way for the emergence of a spot XRP ETF. Industry experts like Nate Geraci believe this is a significant turning point, opening the door for BlackRock and other major asset managers in the U.S. to consider launching XRP-backed ETFs.
The end of the legal battle could instill confidence in investors and regulators that XRP is on the path to recovery. BlackRock may see this as an opportune moment to invest in a new and attractive financial product from XRP.
BlackRock Could Be the Next Subject: XRP ETF?
Although BlackRock has not made any official announcements regarding the XRP ETF, speculation is rising. Rumors from April and May 2025 about the potential launch of an XRP ETF are not based on facts. BlackRock has asserted that it is not interested in alternative cryptocurrencies like XRP, primarily due to the legal issues Ripple is facing with the SEC.
However, many analysts at Bloomberg have raised the likelihood of XRP ETF approval to over 95%, suggesting that the SEC is more open to cryptocurrency-related ETF filings. According to the Polymarket platform, the probability of XRP ETF approval before the end of this year has reached 78%. In this context, BlackRock is said to be the top candidate for the next step.
XRP Price Soars, Major Investors Accumulate More
As soon as the news of Ripple's withdrawal of the appeal was announced, the price of XRP exploded to $3.18, recording an increase of over 3.5%. This surge provides positive signals for the market and leads to $5.5 million in liquidations, especially from short traders anticipating a price drop. Legal experts like Fred Rispoli and Bill Morgan have praised Ripple's decision, indicating positive signs from the accumulation of large institutions into XRP.
While the U.S. is still exploring XRP ETF funds, Canada has made significant progress. The newly launched 3iQ XRP ETF quickly reached 32 million CAD in assets under management, showcasing strong market demand. Currently, all eyes are on BlackRock and the possibility of them making the next leap in this cryptocurrency market.
Source: https://tintucbitcoin.com/xrp-etf-blackrock-hap-dan-khi-vu-ripple-ket-thuc/
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