BlackRock’s decision to hold off on launching a spot XRP ETF—just a day after Ripple and the SEC agreed to end their nearly five-year legal battle—has stirred debate in the crypto markets.

While XRP has been riding a wave of optimism following the legal resolution, BlackRock cited limited client demand, regulatory uncertainty, and a crowded ETF field as reasons for its cautious stance. The move contrasts with other asset managers, such as ProShares, Grayscale, and 21Shares, which have active applications pending.

From a market-structure perspective, XRP’s trading volume is heavily concentrated in Asia, potentially influencing BlackRock’s global prioritization. Traders and analysts now face the question: can XRP sustain its rally without the boost of Wall Street’s largest asset manager stepping in?

With Polymarket odds still suggesting a strong chance of SEC approval for a spot XRP ETF in 2025, the next few months could be pivotal for both price action and investor sentiment.

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Read the full article: www.ecoinimist.com/2025/08/11/heres-why-blackrock-xrp-etf-snub