U.S. Spot XRP ETFs: Five Possible Reasons Behind BlackRock’s Hesitation to File for One
BlackRock’s absence from the crowded spot XRP ETF race could be a reflection of client demand, regulatory caution and a calculated focus on bitcoin and ether.
What to know:
BlackRock confirmed Aug. 8 that it has no immediate plans for a U.S. spot XRP ETF, even after the SEC–Ripple settlement.The asset manager is likely waiting for deeper liquidity and stronger institutional demand before entering.Multiple spot XRP ETF applications from other issuers are already pending.
BlackRock has made bold moves into bitcoin and ether ETFs, but on Friday, the asset manager said it had no immediate plans to file for a spot XRP exchange-traded fund (ETF), dashing the community’s hopes that its entry could help extend XRP’s 2025 rally.
This statement — made the day after the U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly asked an appeals court to dismiss their respective appeals, signaling an end to their nearly five-year legal battle — has left investors questioning why BlackRock remains on the sidelines.
Here are five reasons why BlackRock appears in no hurry to launch a spot XRP ETF, despite the XRP community’s anticipation of a demand-driven price surge.
First, BlackRock has cited limited client interest in cryptocurrencies beyond BTC and ETH. Back in March 2024, Robert Mitchnick, the asset manager's head of digital assets, said that there's a misconception that BlackRock will have a "long tail" of other crypto services.
bitcoin is overwhelmingly the No. 1 focus and a little bit ethereum," he said during a fireside chat at the inaugural Bitcoin Investor Day conference in New York on March 22.
Although XRP sales on public exchanges are deemed non-securities, the broader regulatory framework for altcoins remains murky. BlackRock may be waiting for clearer SEC guidelines before entering the altcoin ETF space.#Xrp🔥🔥 #crptonews #BTC走势分析
