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BlackRock, the world’s largest asset manager, has officially stated it has no plans to file for an XRP ETF, ending months of speculation. The firm will continue focusing on its existing Bitcoin and Ethereum ETFs, despite market expectations. Analysts and industry experts weigh in on the potential implications of this decision.
- BlackRock confirms no plans for an XRP ETF, focusing only on Bitcoin and Ethereum ETFs for now.
- Analysts argue BlackRock’s delay could be costly, as pending XRP ETF applications may gain first-mover advantage.
- Futures-based XRP funds have already attracted over $1 billion, signaling strong market demand for spot ETFs.
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Other Tags: John Deaton, Nate Geraci