Just In: BlackRock Ends XRP ETF Speculation
Main Idea
BlackRock has confirmed it has no plans to launch an XRP or Solana ETF, ending months of speculation about such products.
Key Points
1. BlackRock stated it will not offer a spot exchange-traded fund (ETF) tracking XRP or Solana.
2. Nate Geraci, president of NovaDius Wealth Management, believes this decision will later be seen as a mistake.
3. Bloomberg analysts previously estimated a 95% chance of XRP ETF approval, with BlackRock and Fidelity as likely candidates.
4. The announcement follows earlier confirmations from BlackRock's chief information officer Samara Cohen regarding the absence of Solana ETF plans.
Description
BlackRock has confirmed that it has no plans to launch an XRP ETF
$XRP
$3.2967
+0.29%
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