Expert Says BlackRock Won’t Launch XRP ETF Until This Happens
Main Idea
BlackRock will not launch an XRP ETF until there is clear evidence of significant market demand, as their decision is driven by business considerations rather than ideology.
Key Points
1. BlackRock has stated it currently has no plans to file for an XRP or SOL ETF, but the wording 'at this time' suggests they are observing the market for demand.
2. Demand is the primary factor for BlackRock's ETF decisions, as seen with the success of their spot Bitcoin ETFs, which demonstrated the potential for consistent fee revenue.
3. The resolution of Ripple's litigation with the SEC has improved the regulatory clarity for XRP, but ETF issuers still require proof of market demand before committing to a launch.
4. Competitors like Bitwise, Franklin Templeton, Grayscale, and WisdomTree are already testing the market with spot XRP funds, which could provide BlackRock with critical data on demand.
5. BlackRock is currently waiting on the sidelines, but may enter the XRP ETF market decisively if the demand becomes evident.
Description
BlackRock , the world’s largest asset manager, might be playing a patient game when it comes to launching an XRP exchange-traded fund. According to crypto commentator Dom, the trigger won’t be a regulatory green light or a competitor’s move, but something far simpler: undeniable demand. “BlackRock has ‘no plans’ to launch an $XRP ETF until they realise how much demand there will be,” Dom posted on X, adding, “If they can make money from one (and they will), they will launch one. It’s really that...
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