XRP News Today: BlackRock Eyes XRP ETF Expansion Amid Crypto Market Growth

Speculation surrounding a potential XRP exchange-traded fund (ETF) surged this week after influential ETF analyst Nate Geraci suggested that BlackRock, the world’s largest asset manager, is likely to expand its crypto ETF portfolio to include XRP. Geraci asserted that he “fully expects BlackRock to file for spot Solana and XRP ETFs,” explaining that, as a market leader in spot Bitcoin and Ethereum ETFs, it would make “zero sense to cede other top crypto asset ETF categories to competitors.”

Shortly after Geraci’s post, Amonyx echoed the sentiment in a bold update: “BlackRock XRP ETF is coming.” Though no formal filing has been made public, the momentum building behind this possibility reflects broader industry expectations that XRP could soon join the ranks of institutionally traded digital assets.

BlackRock’s interest in digital assets has moved far beyond exploratory. Since the SEC approved spot Bitcoin ETFs in January 2024, BlackRock’s iShares Bitcoin Trust (IBIT) has become a dominant force in crypto markets, drawing billions in institutional capital. In May 2024, the SEC also approved 19b-4 filings for spot Ethereum ETFs.

With these milestones achieved, the next logical step for BlackRock is expansion into other high-liquidity digital assets. XRP stands out as a prime candidate. It is one of the oldest and most actively traded cryptocurrencies, with a deep pool of liquidity, robust exchange listings, and a well-established infrastructure through Ripple and the XRP Ledger.

Geraci also noted that he expects BlackRock to file for an index-based crypto ETF — a fund likely to include XRP among other top tokens. Such a move would not only expand investor access to diversified crypto exposure but also elevate XRP’s role in institutional portfolios.

A crucial factor supporting an XRP ETF is the partial legal clarity secured in Ripple’s ongoing battle with the U.S. Securities and Exchange Commission. In July 2023, Judge Analisa Torres ruled that XRP is not a security in programmatic (exchange-based) sales, effectively giving the green light for its trading on secondary markets. While the case remains active, a final resolution is expected soon.

Compared to many altcoins still clouded by regulatory ambiguity, XRP enjoys a legal advantage that makes it a feasible candidate for ETF structuring. With Bitcoin and Ethereum ETFs already approved and launched, XRP’s combination of legal clarity, market maturity, and infrastructure strength makes it a natural next step.

Amonyx’s declaration that a “BlackRock XRP ETF is coming” may not reflect an official filing, but it aligns with a growing consensus in the financial world. BlackRock has made no secret of its ambition to dominate the crypto ETF space. Failing to secure a position in the XRP market would leave room for rivals such as Fidelity or VanEck — a move that seems unlikely given BlackRock’s aggressive strategy to lead.

As the regulatory environment evolves and demand for diverse crypto investment vehicles grows, the launch of a BlackRock XRP ETF appears increasingly inevitable.