BlackRock is preparing to file for an iShares XRP exchange-traded fund (ETF) following Ripple’s definitive legal settlement with the U.S. Securities and Exchange Commission, with industry analysts projecting a 95% likelihood of regulatory approval.
This anticipated move aligns with applications from seven other prominent asset managers including Grayscale, 21Shares, and Bitwise, all seeking to launch XRP-focused ETFs. The collective filings signal heightened institutional interest in structured XRP investment vehicles.
Ripple’s legal resolution has already catalyzed significant market momentum for XRP, driving a 10.7% price surge accompanied by substantially increased trading volume. Market observers attribute this rebound to restored investor confidence stemming from resolved regulatory ambiguities.
Analysts emphasize that the legal clarity substantially enhances the prospects for XRP ETF approvals, positioning the token for broader recognition as a mainstream investment asset. The anticipated ETF products are expected to unlock new institutional and retail investment pathways within the cryptocurrency sector.