There are rumors that #BlackRock⁩ , a global investment manager, is pressuring the U.S. Securities and Exchange Commission (#SEC ) to approve an exchange-traded fund (#EFT ) of #xrp spot. This speculation has generated increased interest and volatility in the XRP market, with some analysts predicting a potential price increase if the ETF is approved.

*Current situation:*

- *No official approval*: Despite the rumors, there is no official confirmation from BlackRock or the SEC regarding the approval of a spot XRP ETF.

- *Previous statement from BlackRock*: In January 2024, sources close to BlackRock stated that they "had no plans" to launch a spot XRP ETF, contradicting the speculation fueled by ambiguous comments from CEO Larry Fink.

*Potential impact:*

- *Increased liquidity*: The approval of an XRP ETF could improve market liquidity and stability, potentially raising the price of XRP.

- *Institutional Investment*: A BlackRock XRP ETF could generate massive institutional demand, according to some analysts ¹ ².

*XRP ETFs:*

- *Existing XRP ETFs*: There are existing XRP ETFs, such as the 3IQ XRP ETF ((link unavailable)) and the EVOLVE XRP ETF ((link unavailable)), traded on Canadian exchanges.

- *U.S. XRP ETFs*: Some XRP ETFs are traded on American exchanges, including the XRP ETF (XRPI) and the 2X XRP ETF (XRPT) $XRP $BTC