BlackRock to File for an XRP ETF? Why It May Be More Than Rumors
In 2024, the US Securities and Exchange Commission (SEC) surprisingly approved the issuance of two crypto-based ETFs. That is expected to change in 2025, with a host of assets subject to filing. Yet, one absent filing has surprised many, with BlackRock not seeking to issue an XRP ETF. The $11 trillion asset manager was behind the immensely successful iShares Bitcoin Trust (IBIT) that debuted last year. Moreover, it has reinforced that it won’t file for an XRP ETF as long as there are still regulatory concerns. Yet, with a new pro-crypto administration in place, those troubles look to be behind the asset. Will that sway the firm to seek out an exchange-traded fund for the token? Source: WSJ Also Read: Goldman Bets $1.4B on Blackrock’s Bitcoin ETF: 516 Trillion SHIB Set to Be Hit BlackRock May Be Preparing XRP ETF as SEC Meetings Continue Over the last year, Bitcoin has been one of the biggest surprises of the finance sector. The leading crypto surged to a six-figure value in Novemb...