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BlackRock Rejects ETFs, XRP and Solana Analysts Split on Buy/Sell
ByAinvest
Tuesday, Aug 12, 2025 2:07 pm ET1min read
BlackRock's rejection of ETFs has sparked debate on the future of XRP and Solana, with analysts divided on whether to buy or sell. A new memecoin, XYZVerse, is gaining attention with a 50x growth target after launch. The presale has raised over $15 million, and the community is positive about its prospects. Ripple and Solana are also in the spotlight, with XRP showing a six-month uptrend, while Solana's outlook remains uncertain.
BlackRock's recent denial of plans to launch XRP and Solana ETFs has ignited a debate among analysts and investors, with opinions divided on the future of these cryptocurrencies. Meanwhile, a new memecoin, XYZVerse, has caught the eye of the crypto community with its ambitious growth targets.BlackRock's ETF Decision
BlackRock's spokesperson clarified that the firm has no plans to file XRP or SOL ETFs, despite market speculation fueled by Nate Geraci's comments following the dismissal of the Ripple vs. SEC lawsuit [1]. The firm's cautious approach aligns with broader ETF trends, prioritizing established assets with clear regulatory pathways over emerging crypto projects. Analysts suggest that BlackRock is waiting for stronger signals of institutional demand, custody infrastructure, and liquidity depth before considering new products [2].
Market Reactions
Market reactions to BlackRock's denial have been mixed. XRP's price initially surged on speculation but has since pulled back as the immediate momentum waned. Some traders continue to speculate that XRP could rise toward $4.2, but these projections are based on market sentiment rather than institutional backing [3]. Solana's outlook remains uncertain, with the token trading around $167.8, despite recent market fluctuations [4].
XYZVerse Gains Attention
A fresh contender in the memecoin space, XYZVerse, is drawing attention with forecasts suggesting spectacular price moves ahead. The presale has raised over $15 million, with prices set to climb from $0.005 to a $0.10 target, offering up to 1,000x ROI potential [5]. Backed by a clear roadmap and growing community, XYZVerse positions itself as a long-term contender beyond hype-driven tokens.
Conclusion
While BlackRock's rejection of ETFs has sparked debate on the future of XRP and Solana, analysts remain divided on whether to buy or sell these cryptocurrencies. Meanwhile, XYZVerse offers a unique mix of sports and meme culture, presenting early investors with special opportunities. The outcome of this situation will likely depend on future developments rather than current statements.
References
[1] https://www.ainvest.com/news/xrp-news-today-blackrock-denies-xrp-solana-etf-plans-market-speculation-2508/
[2] https://crypto.news/xyzverse-set-to-explode-analysts-say-this-memecoin-could-dwarf-doge/
[3] https://partner.cryptopolitan.com/the-rapid-rise-of-remittix-rtx-why-its-trending-over-top-altcoins-like-ripple-xrp-and-solana-sol/
[4] https://www.ainvest.com/news/xrp-news-today-blackrock-denies-xrp-solana-etf-plans-market-speculation-2508/
[5] https://crypto.news/xyzverse-set-to-explode-analysts-say-this-memecoin-could-dwarf-doge/
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