Blackrock Clarifies XRP ETF Stance as Traders Double Down on Approval Odds
Main Idea
Blackrock has clarified it currently has no plans to file for an XRP or SOL ETF, despite market speculation and high trader confidence in such a product.
Key Points
1. Blackrock, the world’s largest asset manager, stated it has no plans to file for an XRP or SOL ETF at this time.
2. Nate Geraci speculated that Blackrock might file for an XRP ETF following the SEC v Ripple lawsuit resolution, but acknowledged his prediction might be wrong.
3. Market observers initially viewed Blackrock as a potential filer for an XRP ETF, but its statement tempered some expectations.
4. Prediction market platform Polymarket showed strong confidence in a spot XRP ETF approval, with odds reaching as high as 98%.
5. Lawyer Bill Morgan noted that Blackrock was against Bitcoin for years before changing its stance, suggesting a similar shift could happen with XRP.
Description
Speculation over a potential spot XRP ETF is electrifying crypto markets as legal clarity, institutional momentum and soaring prediction odds fuel hopes for a landmark investment product. Blackrock’s History With Bitcoin Raises Questions on XRP ETF Timing and Strategy Blackrock, the world’s largest asset manager, became the focus of heightened market chatter this week over
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