XRP News Today: BlackRock Denies XRP and Solana ETF Plans Amid Market Speculation

BlackRock has clarified its position following widespread speculation about a potential iShares XRP ETF launch. The firm’s spokesperson told The Block, “At this time, BlackRock has no plans to file an XRP or SOL ETF” [1]. This statement came in direct response to comments made by Nate Geraci, president of The ETF Store, who had suggested that the closure of the Ripple vs. SEC legal case created a favorable environment for a new ETF filing [2].

Geraci had posted on X shortly after both parties in the case dismissed their appeals, stating that BlackRock likely waited for this development before considering an XRP ETF. He added, “Yes, I think BlackRock was waiting to see this before filing for iShares XRP ETF… I’ll own it if I’m wrong.” His remarks were widely shared, fueling further speculation in the market [3]. However, BlackRock moved quickly to deny any such plans, with Geraci later noting the firm’s “immediate” response as an indication of its strategic clarity [4].

Despite the dismissal of the long-running lawsuit between Ripple and the SEC, BlackRock’s decision reflects a cautious approach to expanding its crypto ETF offerings. The firm has already launched spot ETFs for Bitcoin and Ethereum and has shown no indication of broadening into other digital assets at this time [5]. Analysts suggest that the firm is waiting for stronger signals of institutional demand, custody infrastructure, and liquidity depth before considering new products [6].

Industry observers, including Bloomberg ETF analyst James Seyffart, have noted the contrast between speculative expectations and BlackRock’s measured response. Seyffart commented that “A podcast this morning said BlackRock should and will likely launch XRP and SOL ETFs. Then BlackRock was immediately like ‘NOPE’ hahahaha. Gotta love it.” [7]. Geraci, while acknowledging the firm’s current stance, remains skeptical, saying, “IMO, this will be looked back on as a mistake. We shall see.”

Market reactions to BlackRock’s denial have been mixed. While XRP’s price initially surged on speculation, it 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 any institutional backing from BlackRock or other major players [8].

The firm’s current focus remains on Bitcoin and Ethereum, which it views as more established and demand-driven. BlackRock’s approach aligns with a broader trend in the ETF market, where issuers are prioritizing well-known assets with clear regulatory pathways and strong investor interest [9]. The rejection of XRP and SOL ETF plans highlights the risk-averse stance many institutions are taking in the crypto space, even after regulatory developments that could open new doors.

The outcome of this situation will likely depend on future developments rather than current statements. While Geraci and others may continue to argue that BlackRock is missing a strategic opportunity, the firm has made it clear that any move into new crypto ETFs will come only after a thorough assessment of market and regulatory conditions. Until an SEC filing is submitted, the firm’s “no plans at this time” statement remains valid [10].

Sources:

[1] BlackRock Rules Out XRP and Solana ETFs Amid Regulatory Clarity (https://www.ainvest.com/news/xrp-news-today-blackrock-rules-xrp-solana-etfs-regulatory-clarity-strong-bitcoin-ethereum-demand-2508/)

[2] BlackRock Responds to XRP ETF Filing Rumors (https://timestabloid.com/blackrock-responds-to-xrp-etf-filing-rumors/)

[3] BlackRock XRP ETF Speculation Heats Up After Ripple Lawsuit Resolution (https://www.cryptoninjas.net/news/blackrock-xrp-etf-speculation-heats-up-after-ripple-lawsuit-resolution/)

[4] BlackRock Rules Out XRP and SOL ETFs Despite Market Interest (https://cryptobriefing.com/blackrock-no-xrp-solana-spot-etf-plans/)

[5] BlackRock Responds to XRP ETF Filing Rumors (https://coinmarketcap.com/community/articles/6897325880f9d178aa59993c/)

[8] Can XRP Price Push To $4.2 As BlackRock Rules Out ETF? (https://www.thecoinrepublic.com/2025/08/09/can-xrp-price-push-to-4-2-as-blackrock-rules-out-etf/)

[10] Ripple News: Full SEC Lawsuit Timeline and XRP ETF Outlook (https://coinpedia.org/news/ripple-news-full-sec-lawsuit-timeline-and-xrp-etf-outlook/)