BlackRock Cools Enthusiasm: No XRP ETF for Now
BlackRock, the asset management giant, stated that it has no plans to launch an XRP or Solana ETF at this time, despite the recent positive outcome of the Ripple case with the SEC. This news came as a cold shower for many who were hoping for a significant boost for XRP. While some experts believed that BlackRock was waiting for the legal resolution to move forward with an XRP ETF, the company seems to maintain its cautious stance regarding new crypto products. The market reacted with a slight decline in the price of XRP, which had already experienced a post-verdict rally. Stay tuned for upcoming movements and how this decision may influence the cryptocurrency ETF landscape.
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