- BlackRock ends speculation, rules out XRP and Solana spot ETFs.
- Ripple’s legal win sparks hopes before BlackRock issues firm denial.
- Franklin Templeton pushes ahead as BlackRock stays out of XRP race.
The XRP community was recently stirred after market analyst Nate Geraci suggested that BlackRock might be preparing to launch an iShares XRP ETF.
According to Geraci, president of ETF Store, it “makes zero sense” for the firm to limit its focus to Bitcoin and Ethereum, especially after the resolution of Ripple’s long-running legal battle with the US Securities and Exchange Commission.
Geraci was optimistic before BlackRock’s new information. The asset management behemoth has now made it clear that it does not intend to launch a spot exchange-traded fund that will directly track XRP.
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Market expectations remain divided despite BlackRock’s clarification
BlackRock also confirmed it will not pursue a similar product for Solana, reaffirming earlier statements from chief information officer Samara Cohen. Still Geraci estimate a 95 percent likelihood of eventual approval for an XRP spot ETF.
In the meantime, Polymarket information is less confident, which indicates a more cautious view of investors. Franklin Templeton is the largest asset manager to have made an official application to launch an XRP ETF.
Ripple’s legal victory fuels ETF speculation
The heightened anticipation for an XRP ETF followed Ripple’s decisive legal victory against the SEC. Both parties agreed to withdraw their appeals, with Ripple paying a relatively small sum of $125 million compared to regulators’ earlier suggested sum of $2 billion.
This result eliminated one of the most significant regulatory uncertainties with XRP since 2020. This development seemed like the ideal opportunity at first, with analysts such as Geraci believing that BlackRock could find its way to an XRP product.
Though that was the previous assumption, BlackRock’s recent statement has finally ended the latest round of speculation. There is nonetheless sustained institutional interest in XRP ETFs, with other asset managers pressing ahead with their filings.
Conclusion
BlackRock’s announcement clearly states that it will not participate in immediate efforts to launch XRP or Solana spot ETFs.Yet momentum from legal clarity and competing asset managers ensures that the discussion around these products is not slowing down.
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