๐จ$XRP Faces Major Setback โ BlackRock Says โNoโ to ETF!
Rippleโs XRP just hit a roadblock. Despite recent legal wins, asset management giant BlackRock has confirmed it has no plans for an XRP ETF.
๐ This comes right after XRP holders were hopeful that Rippleโs SEC victory would attract institutional backing. But BlackRock is sticking to Bitcoin & Ethereum ETFs only โ citing low demand for other assets.
๐ฌ ETF analyst Eric Balchunas says weโre unlikely to see any XRP ETFs this year.
๐ Why It Matters:
BlackRock manages $10 trillion โ their decision influences the whole market.
Without institutional ETFs, XRP may struggle to break out.
Regulation alone isnโt enough โ market demand is key.
Conclusion:
XRP fans might have to look beyond ETFs for the next big move. ๐ Or wait for another big player to take the lead.