XRP News Today: BlackRock No Immediate Plans for XRP or Solana ETFs Despite Legal Clarity

BlackRock, the world's largest asset manager, has publicly stated that it has no plans to file for spot ETFs for XRP or Solana at this time. This clarification came during an interview on the Crypto Prime podcast hosted by Nate Geraci on August 9, where a company representative confirmed the firm's current stance [2]. The statement followed increased speculation in the crypto community, fueled by the settlement of Ripple's decade-long legal dispute with the U.S. Securities and Exchange Commission in August 2025 [1]. The resolution marked a significant regulatory milestone for XRP, which had been the subject of a $1.3 billion securities case brought by the SEC in 2020. While the court ruled that some XRP sales were not securities, others—particularly those to institutional buyers—were deemed as such [1].

Despite the legal clarity, BlackRock appears to be prioritizing its existing Bitcoin and Ethereum ETFs, which have already gained traction in the market. The firm has not indicated any timeline for expanding into other cryptocurrencies, suggesting a strategy of observing market performance before making further moves [2]. This approach has drawn mixed reactions from industry experts. While some, like Geraci, argue that it makes little sense to limit ETF offerings to only Bitcoin and Ethereum, others, including Two Prime Digital Assets CEO Alexander Blume, point out that XRP’s market cap is still less than half of Ethereum’s, making it a less attractive candidate for major asset managers like BlackRock [2].

Notably, BlackRock is not the only firm considering XRP and Solana ETFs. Several other asset managers, including Franklin Templeton, ProShares, 21Shares, Canary Capital, and Bitwise, have already submitted filings for XRP-linked products [2]. Bloomberg Intelligence raised its year-end approval odds for XRP and other altcoin ETFs to 90% in June, indicating growing confidence in regulatory acceptance [2]. Meanwhile, the SEC is also evaluating proposals for ETFs linked to Solana and Dogecoin, though the approval timeline remains uncertain.

Market observers remain divided on whether BlackRock will eventually launch XRP or Solana ETFs. Some believe the firm may be waiting to see how the first wave of altcoin ETFs performs before making a move [2]. Others, like ETF analyst James Seyffart, argue that BlackRock would face challenges if it entered the market late, as other issuers would have already gained investor traction [5]. Regardless of the path forward, BlackRock’s current position reflects the broader caution many institutional players are taking as they navigate the evolving regulatory landscape for crypto assets [6].

Source: [1]https://coinmarketcap.com/community/articles/6898a4b0d3f2f1289a15307b/ [2]https://coinmarketcap.com/community/articles/6898a4b0d3f2f1289a15307b/ [5]https://coinmarketcap.com/community/articles/6898a4b0d3f2f1289a15307b/ [6]https://coinmarketcap.com/community/articles/6898a4b0d3f2f1289a15307b/