XRP News Today: BlackRock No Immediate Plans for XRP or Solana Spot ETFs

BlackRock, the world’s largest asset manager, has officially confirmed it has no immediate plans to file for spot exchange-traded funds (ETFs) tracking XRP or Solana (SOL), dispelling widespread speculation in the cryptocurrency market. The firm’s position was first reported on August 9 and reiterated in subsequent reports as of July 30, with BlackRock’s chief information officer, Samara Cohen, explicitly stating that no such applications are under consideration [2]. This clarification has effectively ended months of market speculation and betting, particularly on prediction platforms like Polymarket [2].

The firm’s decision comes amid ongoing regulatory uncertainty and a cautious approach to newer crypto assets, despite the success of its Bitcoin spot ETF, IBIT. While BlackRock has established a foothold in the crypto market with Bitcoin, it appears to be moving more slowly when it comes to other digital assets. This aligns with broader industry trends, where major asset managers are carefully weighing regulatory risks and market volatility before expanding their crypto product offerings [2].

Some analysts, however, question whether this decision could be seen as a missed opportunity. Nate Geraci, president of NovaDius Wealth Management and a leading voice in the ETF space, had previously predicted that BlackRock would file for XRP and SOL spot ETFs, likely waiting for clearer regulatory signals [4]. While his forecast remains speculative, it highlights the ongoing debate around the timing and feasibility of expanding crypto ETF offerings.

The recent settlement between Ripple and the U.S. Securities and Exchange Commission (SEC) on August 8 has added a new dynamic to the XRP conversation, as the ruling effectively declassified XRP as a security under U.S. law [5]. This development is expected to pave the way for potential XRP-based ETFs in the future, but for now, BlackRock remains uncommitted.

Meanwhile, other major asset managers are taking different approaches. Franklin Templeton has already filed for a spot XRP ETF, while BlackRock and Fidelity have opted to observe and assess the regulatory landscape further [2]. The divergence in strategies reflects broader uncertainties and underscores the need for more clarity in the evolving crypto regulatory environment.

BlackRock’s public stance reinforces the idea that institutional adoption of crypto remains selective and methodical. While the firm has opened the door to crypto through Bitcoin, the absence of XRP and SOL ETFs from its current product roadmap indicates a more measured path forward. As legal and compliance challenges continue, the market will likely remain watchful for any new developments that might prompt major players to expand their offerings [5].

Source: [1]title1.............................(https://www.mexc.com/news/blackrock-no-plans-to-file-an-xrp-or-sol-etf-at-this-time/64353)

[2]title2.............................(https://u.today/just-in-blackrock-ends-xrp-etf-speculation)

[3]title3.............................(https://www.ainvest.com/news/blackrock-dispels-rumors-xrp-etf-plans-2508/)

[4]title4.............................(https://www.bitget.com/news/detail/12560604902555)

[5]title5.............................(https://www.bitget.com/news/detail/12560604902569)