Ripple's ETF aspiration faltering?
In a recent announcement, global investment management giant BlackRock has confirmed that it has no plans to launch an XRP or Solana ETF at this time, dashing the hopes of XRP bulls who had been eagerly waiting for the seal of approval from the financial titan [1][2].
Despite BlackRock's decision, other asset managers such as ProShares, 21Shares, Canary, and Bitwise have not given up on launching an XRP ETF. These companies have active applications with the U.S. Securities and Exchange Commission (SEC), with the review timeline now pushed to October 2025 [3][5].
Analysts remain optimistic about the approval prospects of these ETFs, viewing the regulatory delays as routine rather than outright rejections [1][3][5]. With regulatory clarity following Ripple's legal victory, some analysts give approval odds around 95%, suggesting high chances that these competitors could succeed [1][2][3].
The SEC's cautious approach extends across other altcoin ETFs, reflecting overall regulatory prudence toward crypto ETFs [3][5]. As such, it is plausible that these other asset managers will succeed in launching an XRP ETF after BlackRock’s rejection, provided SEC approval is granted in the anticipated October 2025 timeframe.
Nate Geraci, President of NovaDius Wealth, had earlier speculated that BlackRock could announce an "iShares XRP ETF" after the end of the legal dispute between the SEC and Ripple [6]. However, the recent statement from BlackRock leaves no room for interpretation regarding its plans for an XRP ETF.
The end of the legal dispute between the SEC and Ripple has marked a significant milestone for the cryptocurrency XRP. With the regulatory hurdles seemingly removed, Ripple and XRP have found a new sense of security [7].
Investors who had hoped for the seal of approval from BlackRock for an XRP ETF will have to be patient. For now, the ball is in the court of the SEC, and the approval of any of the pending crypto funds, including XRP ETFs, would be a strong bullish signal for XRP [3].
Meanwhile, XRP does not have half the market capitalization of Ethereum, which may have contributed to BlackRock's decision to focus on more established cryptocurrencies for its ETF offerings [8]. The market sentiment has been somewhat dampened by BlackRock's stance, as XRP price recently dipped below $3 amid these regulatory uncertainties [1][4].
References: [1] The Block [2] CoinDesk [3] Bloomberg [4] Cointelegraph [5] CoinDesk [6] CoinDesk [7] Cointelegraph [8] CoinMarketCap
- Despite BlackRock's decision to not launch an XRP ETF, other asset managers like ProShares, 21Shares, Canary, and Bitwise are still actively pursuing an XRP ETF with the SEC, with an anticipated review timeline in October 2025.
- With the regulatory hurdles seemingly removed following Ripple's legal victory, and the SEC's cautious approach toward other altcoin ETFs, it is possible that these other asset managers will succeed in launching an XRP ETF after BlackRock’s rejection, potentially boosting XRP's market sentiment and price.
