XRP News Today: BlackRock No Plans for XRP or Solana ETFs Despite SEC Ruling

BlackRock, the world’s largest asset manager, has confirmed it has no current plans to launch spot ETFs for XRP or Solana (SOL), despite the recent resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). The firm made the announcement on August 9, reaffirming its strategic focus on Bitcoin (BTC) and Ethereum (ETH) ETFs while other companies continue to push for regulatory approval of altcoin ETFs [1]. This decision comes amid internal leadership shifts at BlackRock, influencing the firm’s approach to new product development in the crypto space [2].

A spokesperson for BlackRock stated, “Currently no plans to launch spot XRP or Solana (SOL) ETFs,” highlighting the firm’s current market priorities [1]. The move signals a temporary institutional restraint on XRP and SOL liquidity through ETFs and raises questions about the pace at which altcoin ETFs will gain traction in the broader market. While the resolution of Ripple’s case was widely seen as a positive development for XRP, BlackRock’s decision underscores the regulatory and strategic complexities of expanding into new crypto assets [1].

Industry analysts have weighed in on the implications of BlackRock’s decision. Nate Geraci, an industry commentator, noted that while the firm’s current stance is clear, regulatory clarity could still prompt a change in strategy closer to the market launch window [1]. Coincu research analysts added that BlackRock’s choice may reflect a cautious approach to altcoin regulations and could delay broader institutional entries into XRP and SOL ETFs [2].

Meanwhile, XRP has shown resilience in the market, with its price rising by 36.57% over the past month and a market capitalization of $195.78 billion [1]. Recent trading volumes have dipped by 7.67%, but the coin remains a focal point for investors and issuers exploring altcoin ETF opportunities [1]. As BlackRock continues to focus on BTC and ETH ETFs, other firms are actively pursuing altcoin ETF applications, signaling a diversified landscape in the institutional crypto market [2].

The decision not to pursue XRP or SOL ETFs does not represent a retreat from crypto but rather a calculated alignment with the firm’s risk appetite and product strategy. With regulatory clarity improving and investor interest in crypto assets expanding, BlackRock may reassess its position in the future. For now, the firm’s approach highlights the ongoing balance between innovation and risk management in the evolving digital asset landscape [1].

Source:

[1] https://bitcoinworld.co.in/

[2] https://m.economictimes.com/crypto-news-today-live-08-aug-2025/liveblog/123173392.cms

[3] https://m.economictimes.com/crypto-news-today-live-09-aug-2025/liveblog/123195194.cms