XRP News Today: BlackRock Poised to File XRP ETF as Ripple Lawsuit Resolves

BlackRock is expected to file an XRP ETF following the resolution of Ripple’s lawsuit with the U.S. Securities and Exchange Commission (SEC). The case, which had lingered for years, was formally dismissed after both parties jointly requested the U.S. Court of Appeals for the Second Circuit to close all remaining claims. This development has intensified speculation that the world’s largest asset manager is preparing to expand its cryptocurrency offerings beyond Bitcoin and Ethereum [1].

Nate Geraci, a of the ETF Store, noted on social media that BlackRock may have been waiting for this legal clarity before filing an iShares XRP ETF. He emphasized that excluding XRP from a diversified crypto portfolio would be an unusual move, especially given the success of its Bitcoin and Ethereum ETFs, IBIT and ETHA [1]. Geraci acknowledged the possibility he could be wrong but highlighted that institutional adoption of XRP could be further catalyzed by a BlackRock filing.

The potential filing comes amid a growing wave of interest in XRP ETFs in the U.S. Seven firms, including Grayscale, 21Shares, and Bitwise, have already submitted applications with the SEC. While regulatory review has experienced delays, Bloomberg analysts James Seyffart and Eric Balchunas have assigned a 95% probability that an XRP ETF will be approved, with a likely launch in the second half of 2025 [2]. Polymarket data also supports this optimism, showing an 88% probability of an XRP ETF being launched before year-end, with odds rising 16% in the last 24 hours [2].

XRP’s price has responded positively to the developments, surging 10.7% in the past day as trading volume spiked 197% to $11.9 billion. The token is currently trading at $3.31 [2]. The resolution of the Ripple-SEC case removes a key regulatory uncertainty, particularly regarding whether XRP is considered a security. While the court had previously ruled in 2023 that XRP is not a security in secondary markets, the case remained open due to unresolved civil penalties. Now, with all claims dismissed, the regulatory environment appears more favorable for XRP-based financial products.

BlackRock’s potential XRP ETF would represent a major expansion of its cryptocurrency product lineup. The firm’s Bitcoin and Ethereum ETFs have already set records, with IBIT surpassing $70 billion in assets under management. If approved, an XRP ETF would likely follow a similar trajectory, leveraging BlackRock’s strong market presence and institutional credibility [1]. The move could also influence other major financial firms to enter the XRP ETF market, accelerating broader acceptance of altcoins within traditional finance.

Meanwhile, other financial institutions are also showing increased interest in XRP. More companies are beginning to add XRP to their corporate treasury balance sheets, reflecting growing institutional confidence [3]. Ripple, the company behind XRP, has also announced plans to acquire RAIL Financial for $200 million, signaling continued expansion in the crypto finance sector [4].

Although no official filing has been made by BlackRock yet, the timing and legal developments suggest that one is imminent. The firm’s decision to enter the XRP ETF market could have far-reaching implications for the broader cryptocurrency industry, reinforcing the trend toward greater institutional participation and regulatory acceptance.

[1] Source: [1] "Is a BlackRock XRP ETF in the works? Here's why analysts think so" (https://crypto.news/is-a-blackrock-xrp-etf-in-the-works-heres-why-analysts-think-so/)

[2] Source: [2] Same as [1]

[3] Source: [3] "XRP Treasury Companies Are Coming With These Firms" (https://www.mitrade.com/insights/news/live-news/article-3-1021656-20250808)

[4] Source: [4] "Manuel - In a surprise turn, Ripple and the U.S. Securities..." (https://www.facebook.com/photo.php?fbid=739884622258082&set=a.130****63246274&type=3)