BlackRock May Consider Filing for iShares XRP ETF Following Ripple’s Legal Resolution
Main Idea
BlackRock may file for an iShares XRP ETF following Ripple’s legal resolution with the SEC, with analysts estimating a 95% approval chance, which has positively impacted XRP’s market.
Key Points
1. BlackRock is expected to file for an XRP ETF soon after Ripple’s legal resolution with the SEC, with approval odds estimated at 95%.
2. Seven asset managers, including Grayscale, 21Shares, and Bitwise, have filed applications to launch XRP ETFs.
3. Ripple’s legal victory has boosted XRP’s market, with a 10.7% price increase and higher trading volume.
4. Analysts believe the legal clarity enhances the likelihood of XRP ETF approvals and market confidence in XRP as an investment.
5. Potential XRP ETFs could provide new investment opportunities in the crypto market.
Description
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