U.S. Spot XRP ETFs: Five Possible Reasons Behind BlackRock’s Hesitation to File for One
Main Idea
BlackRock has no immediate plans to launch a U.S. spot XRP ETF despite the SEC-Ripple settlement, and the article outlines five potential reasons for its hesitation.
Key Points
1. BlackRock confirmed on Aug. 8, 2025, that it has no immediate plans for a U.S. spot XRP ETF, even after the SEC-Ripple settlement.
2. BlackRock's head of digital assets stated that Bitcoin remains the primary focus for its client base, with less emphasis on altcoins like XRP.
3. The firm may be waiting for clearer SEC guidelines before entering the altcoin ETF space, despite XRP sales on public exchanges being deemed non-securities.
4. BlackRock may see diminishing returns in pursuing a spot XRP ETF due to the crowded field, with at least seven other firms already having pending applications.
5. XRP’s smaller market footprint and BlackRock’s global perspective, which prioritizes markets where XRP demand is less pronounced, may not justify the operational costs of a new ETF.
Description
BlackRock has made bold moves into bitcoin and ether ETFs, but on Friday the asset manager said it had no immediate plans to file for a spot XRP exchange-traded fund (ETF), dashing the community’s hopes that its entry could help extend XRP’s 2025 rally. This statement — made the day after the U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly asked an appeals court to dismiss their respective appeals, signaling an end to their nearly five-year legal battle — has left investors...
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