Anticipation for an XRP exchange-traded fund backed by BlackRock has come to an abrupt halt.
The asset management giant has clarified that it has no plans to launch ETFs for XRP or Solana, deflating hopes that surged after Ripple’s recent legal breakthrough in the U.S.
Ripple’s multi-year battle with the SEC officially ended last week after both sides agreed to withdraw their appeals, marking a major regulatory milestone for the company.
The decision had fueled speculation that institutional players might fast-track XRP-based investment products. But BlackRock’s latest comments make it clear that, for now, its ETF strategy will remain squarely focused on Bitcoin and Ethereum – assets with established liquidity and clearer regulatory frameworks.
READ MORE:
Donald Trump Taps Pro-Crypto Economist Stephen Miran for Federal Reserve Role
ETF expert Nate Geraci noted that this cautious approach could create an opening for rival issuers to capture investor demand for alternative crypto ETFs. While BlackRock appears committed to its current roadmap, market analysts say its position could change if institutional interest in XRP or Solana accelerates over the coming years.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
