BlackRock has confirmed it has no immediate plans to pursue exchange-traded funds (ETFs) for XRP or Solana, choosing instead to focus its cryptocurrency product development on Bitcoin and Ethereum. The announcement impacts altcoin market sentiment by removing near-term catalysts for XRP and Solana.
The decision underscores Bitcoin and Ethereum as BlackRock’s primary crypto ETF priorities, with the firm explicitly stating it holds no short-term intentions to expand offerings to other cryptocurrencies. Market observers had anticipated potential filings for altcoin ETFs, but BlackRock’s stance solidifies its strategic concentration on established assets.
Analysts note the development dampens optimism for XRP and Solana. However, some experts predict eventual regulatory breakthroughs, citing a high likelihood of SEC approval for pending XRP ETF applications submitted by other firms in the future.