09.08.2025 10:49

BlackRock, the world's largest asset manager, has definitively quashed months of speculation regarding a potential XRP spot exchange-traded fund (ETF). In a clear statement, the firm confirmed it harbors no intentions to file for such an ETF, directly tracking the price of XRP. This announcement follows earlier confirmation from CIO Samara Cohen that a Solana ETF is also not on their agenda.


Contrary to BlackRock's decision, market analysts hold differing views. Bloomberg analysts, for instance, still predict a 95% chance of XRP ETF approval. However, this optimism isn't universally shared; Polymarket bettors display slightly less bullish sentiment. The differing perspectives highlight the considerable uncertainty surrounding the future of cryptocurrency ETFs.


Despite BlackRock's absence, Franklin Templeton remains the leading contender in the race to launch an XRP ETF. Meanwhile, Fidelity's involvement remains unconfirmed, leaving them and BlackRock on the periphery of this developing market. One industry expert, Nate Geraci, president of NovaDius Wealth Management, believes BlackRock's decision to forgo an XRP ETF will ultimately be viewed as a missed opportunity. This perspective underscores the significant potential some see within the XRP market.


This development, sourced from internet sources, concludes a period of intense market speculation about BlackRock's involvement in the burgeoning cryptocurrency ETF space. The firm's decision leaves the landscape largely unchanged, with other players continuing the pursuit of regulatory approval for XRP ETFs.