The $XRP community has been buzzing since Ripple’s legal win against the SEC — but Wall Street giant BlackRock isn’t rushing in.
On August 8, BlackRock confirmed it has no immediate plans to file for a U.S. spot $XRP ETF, even as other asset managers line up for approval. This cautious stance has left investors wondering: what’s the holdup?
Key Points:
BlackRock says client demand is focused mainly on Bitcoin and Ethereum — not XRP.
The firm prefers to wait for clearer SEC guidelines before moving into altcoin ETFs.
With at least seven competitors already in the XRP ETF race, BlackRock may see limited upside.
Data suggests XRP’s trading volume is heavily Asia-focused, while BlackRock’s ETF strength is in U.S. and European markets.
Operational costs for a new ETF may outweigh potential returns, especially with XRP’s smaller market footprint.$BTC
Why It Matters:
BlackRock’s move (or lack of one) sends a clear message — even after regulatory clarity, big players won’t always chase hype. Instead, they’re sticking to markets with proven demand and predictable returns.
At the time of writing, XRP trades at $3.1852, down nearly 4% in 24 hours.
💬 Question for You: Do you think BlackRock’s cautious approach will pay off, or are they missing out on a big opportunity?