BlackRock Responds to XRP ETF Filing Rumors
Main Idea
BlackRock denied rumors of filing for an iShares spot XRP ETF, despite speculation linked to the resolution of the Ripple vs. SEC case, emphasizing no current plans for XRP or SOL ETFs.
Key Points
1. Nate Geraci suggested BlackRock might file for an XRP ETF after the Ripple vs. SEC case resolution, but BlackRock quickly denied having any such plans.
2. BlackRock's spokesperson stated the company has no intentions to file for an XRP or SOL ETF at this time.
3. Market optimism for an XRP ETF was short-lived following BlackRock's denial, despite legal clarity from the Ripple case.
4. Analysts like James Seyffart and Nate Geraci reacted to BlackRock's statement, with Geraci calling the decision a potential mistake.
5. The article highlights that ETF issuers consider multiple factors beyond regulatory clarity, such as market readiness and client demand, before filing.
Description
Talk of a potential iShares spot XRP ETF from BlackRock reached a fever pitch on August 8 after Nate Geraci, president of The ETF Store, linked it directly to the outcome of the Ripple vs. SEC case. Posting on X just after the dismissal of both Ripple’s and the SEC’s appeals, Geraci wrote: “Yes, I think BlackRock was waiting to see this before filing for iShares XRP ETF… I’ll own it if I’m wrong.” He argued it “makes zero sense” for the asset manager to ignore crypto assets beyond Bitcoin and Et...
Latest News
- 4 Most Popular Cryptos in 2025 That Could See Major Growth: Cold Wallet, Snorter, Remittix & Litechain AI!2025-08-09 14:59:02
- Expert Says BlackRock Won’t Launch XRP ETF Until This Happens2025-08-09 14:52:59
- Spartans Takes Over the Online Gambling World with Instant Withdrawals & Bonuses Leaving 888 Casino and Betano in the Dust2025-08-09 14:26:39
- Spartans Became the Betting Front-runner with Global Access and Instant Withdrawals While DraftKings and FanDuel Face Challenges2025-08-09 14:08:37
- Open Miner’s new cloud mining contracts: Earn daily passive income from BTC, DOGE, and XRP2025-08-09 13:46:12