XRP ETF and BlackRock's Involvement
Specifically, the president of the ETF Store, Nate Geraci, shared in a recent post on X that the now-concluded case may be the only obstacle to BlackRock's involvement in an XRP exchange-traded fund. He claimed that the $12.5 trillion asset manager was waiting to see the case concluded to request an iShares XRP ETF.
“In my opinion, it makes no sense for them to ignore crypto assets beyond BTC and ETH,” he remarked.#BTCBreaksATH
Although BlackRock has claimed that it has no plans to request an XRP ETF anytime soon, Geraci noted that a continued rejection of other cryptos beyond Bitcoin and Ethereum simply suggests that they have no intrinsic value.#Xrp🔥🔥
Meanwhile, some others suggest that the case was not an obstruction for BlackRock to request an XRP ETF. Remember that BlackRock claimed it does not see demand for other assets from its clients beyond the two main cryptocurrencies; therefore, Bloomberg ETF analyst James Seyffart shared that the case was not a hindrance.
“I don't think they would be waiting for that,” Seyffart stated. “Not impossible, though. But if BlackRock wanted to request to launch an XRP or SOL ETF in the first wave, they had plenty of time to do so,” he added.$XRP
