XRP News Today: BlackRock May File XRP ETF After Ripple Legal Win Over SEC

BlackRock, the world’s largest asset manager, is widely expected to file for a spot XRP exchange-traded fund (ETF) soon, according to experts in the ETF space. This potential move comes in the wake of Ripple’s landmark legal victory over the U.S. Securities and Exchange Commission (SEC), which concluded on August 5, 2025. The resolution cleared XRP of being classified as a security in retail transactions, removing a major legal obstacle for institutional players to enter the market [1].

Nate Geraci, of the ETF Store, suggested that BlackRock may have deliberately delayed action on an XRP ETF to wait for the outcome of the Ripple-SEC case. He argued that it “makes zero sense for them to ignore crypto assets beyond BTC and ETH,” especially given the firm’s success with its Bitcoin and Ethereum ETFs, iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) [2]. Geraci also speculated that BlackRock’s potential filing could come ahead of the SEC’s October 2025 deadline for new ETF applications [3].

The market has already responded positively to the legal settlement, with XRP surging more than 10% in 24 hours and seeing a 197% spike in trading volume to $11.9 billion [4]. Analysts on Polymarket have raised the probability of XRP ETF approval to 88%, and some, like Bloomberg’s Eric Balchunas, maintain a 95% confidence level despite occasional concerns over SEC commissioner votes [5]. Balchunas noted that Commissioner Caroline Crenshaw’s consistent “no” votes are not indicative of broader regulatory sentiment, as she is outnumbered by other commissioners.

While BlackRock remains silent on its official plans, multiple other asset managers—including Bitwise, Grayscale, 21Shares, and ProShares—have already submitted XRP ETF applications to the SEC. The interest from these firms underscores growing confidence in XRP as a legitimate digital asset and highlights the potential for regulatory approval. A BlackRock ETF, if approved, would add a layer of institutional credibility that could further drive demand and market acceptance.

However, not all observers are convinced. Eric Balchunas has expressed skepticism, suggesting that BlackRock may prefer to focus only on Bitcoin and Ethereum to avoid diminishing returns from expanding its product line [6]. Additionally, a recent statement from U.Today reported that BlackRock has clarified it has no current plans to file for a spot XRP ETF, adding uncertainty to the timeline of any potential launch [7].

Despite these uncertainties, the market seems to be leaning toward optimism. With XRP’s legal status now clearer and the demand for crypto exposure growing, a BlackRock XRP ETF could represent a significant milestone in the digital asset space. The outcome will likely influence not only XRP’s price trajectory but also the broader adoption of crypto by traditional financial institutions.