BlackRock has acknowledged it is not going to file for an XRP or Solana ETF. This announcement was made after Ripple’s extended authorized battle with the U.S. Securities and Exchange Commission formally ended this week.
BlackRock Holds Off on XRP ETF Amid Legal Clarity, Drawing Criticism for Limited Crypto Focus
The prime asset supervisor, which already lists Bitcoin and Ethereum ETFs, confirmed to The Block on Friday that it presently has no plans to submit purposes for both product. This determination follows Thursday’s settlement between Ripple and the SEC to drop appeals, concluding a case launched in 2020.
Initially, business observers speculated that the asset supervisor might need been ready for the authorized uncertainty to clear earlier than making use of for a BlackRock XRP ETF. But the agency’s assertion proves that wasn’t the case.
However, Nate Geraci, president of NovaDius Wealth, criticized the asset supervisor’s slim concentrate on Bitcoin and Ethereum. He warned that BlackRock dangers ceding market share to opponents because the crypto ETF sector evolves.
BlackRock instantly calls me out…
Says *no* plans right now to launch spot xrp (or sol) ETF.
IMO, this might be appeared again on as a mistake.
We shall see.
through @ForTheWynn_ pic.twitter.com/9nQaA3ZYDO
— Nate Geraci (@NateGeraci) August 8, 2025
In his post, Eric Balchunas of Bloomberg Intelligence questioned the place the ETF enlargement would cease if XRP have been included. He referenced property like Solana and Tron, questioning whether or not the asset supervisor may also file for an ETF for these different cryptocurrencies.
Geraci responded that the ETF market is a “hugely moving target” and expressed shock that BlackRock was not actively defending its management place on this class.
Mixed Reactions to BlackRock’s ETF Decision
Community reactions have been blended. Cam from CryptoNews_eth, advised BlackRock won’t see sufficient consumer demand for an XRP ETF. He famous stronger curiosity in Litecoin and XRP from Asian markets not too long ago.
Seems as if sticking with the legacy route could be the perfect corse of motion. $LTC and $XRP for the Asian markets as numerous demand has are available over the previous couple of weeks. Just my ideas on the matter. BlackRock should not be seeing sufficient consumer demand for these merchandise
— Cam (@CryptoNews_eth) August 8, 2025
Others, resembling @xrpBreezy, emphasised XRP’s longevity as a purpose the BlackRock may contemplate submitting for this ETF. According to breezy, XRPL has existed over twice the interval of Solana and Tron’s existence. Also, it has excessive market rating persistently regardless of regulatory challenges.
Maybe the truth that the XRPL has been reside over 2X so long as each SOL and Tron. XRP has a market cap 3X Solana’s and 10X Tron’s. Maybe these issues make it differentiated? Or possibly it’s XRP by no means leaving the highest 10 by MC because it’s inception, even by 5 years of US Gov hell…
— breezy 🏴☠️ (@xrpbreezy) August 8, 2025
Meanwhile, the SEC is reviewing a number of purposes for XRP ETFs from corporations together with ProfessionalShares, 21Shares, Canary, and Bitwise.
Paul
Paul Adedoyin is a crypto journalist with 4+ years expertise who supplies well timed information, in-depth analysis, and insightful content material to tell and empower his viewers. His works have been featured on websites resembling CryptoMode, CryptoNewsFlash amongst others.
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