BlackRock eyes XRP ETF after Ripple scores court win
Main Idea
Ripple's legal battle with the SEC has concluded, sparking speculation about the future of Ripple and XRP, including potential new XRP ETF filings and increased institutional interest.
Key Points
1. Ripple and the SEC have filed a joint motion to conclude their legal dispute, though the $125 million fine against Ripple remains in escrow.
2. Analysts, including Nate Geraci and Eric Balchunas, are optimistic about the potential for an XRP ETF, with Balchunas giving it a 95% chance of approval.
3. Bitcoin ETFs have already attracted $222 billion in assets under management (AUM) since 2024, indicating strong institutional interest in crypto ETFs.
4. Canada’s Purpose XRP ETF saw $37 million in inflows at launch, and the Polymarket approval rate for a U.S. Ripple ETF has risen to 87%.
5. Futures open interest for XRP jumped 36% to $4.91 billion, reflecting increased market activity and speculation.
Description
Ripple’s long legal clash with the U.S. Securities and Exchange Commission (SEC) has officially come to a close with the two parties filing a joint dismissal. However, while the legal saga may be over, speculation about the future of Ripple and XRP is not losing any steam. BlackRock appears to be in the centre of everyone’s attention as the market debates whether the world’s largest asset manager is going to file for a spot XRP exchange-traded fund ( ETF ). Is a new XPR ETF coming? A number of a...
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