XRP News Today: BlackRock Poised to Launch XRP ETF Following Ripple Legal Settlement

BlackRock, the world's largest asset manager, is speculated to enter the XRP ETF market following the resolution of Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). The joint decision by both parties to dismiss further appeals has effectively cleared a major regulatory hurdle, increasing the likelihood that BlackRock will file for an iShares XRP ETF [1]. Nate Geraci, president of the ETF Store, noted that “I think BlackRock was waiting to see this before filing for iShares XRP ETF,” suggesting the firm was waiting for legal clarity before making a move [1].

The legal resolution has already had a measurable impact on XRP’s price, which surged to $3.28, rising 7.31% in 24 hours with over $13 billion in trading volume. This momentum follows the dismissal of appeals and the effective end of the Ripple-SEC case, which had cast a long shadow over the XRP market [1].

While optimism is growing, not all analysts share the same level of confidence. Bloomberg ETF expert Eric Balchunas argued that BlackRock may not see a compelling reason to expand beyond Bitcoin and Ethereum, citing limited upside in the broader crypto market. He clarified, however, that his stance was more intuition than data-driven [1]. Others, like DCinvestor, noted that many in the crypto space hold a BTC-ETH-only mindset. Geraci challenged this view by questioning whether BlackRock would adopt such a narrow perspective [1].

Seven other asset managers, including Grayscale, 21Shares, and Bitwise, have already filed for XRP ETFs. Bloomberg analysts now estimate a 95% chance of approval this year. On Polymarket, a decentralized event trading platform, traders give an 82% chance of an XRP ETF launching before year-end. These figures highlight the market’s strong confidence in regulatory progress and growing institutional interest in XRP [1].

BlackRock’s potential entry into the XRP ETF space would mark a significant shift in the institutional landscape of cryptocurrency. It would not only provide additional validation for XRP but also broaden the appeal of crypto ETFs beyond the dominant Bitcoin and Ethereum. As the market continues to evolve, the inclusion of XRP in a major ETF could influence investor behavior and accelerate the mainstream adoption of digital assets [1].

Sources:

[1] BlackRock Expected to Enter XRP ETF Arena After Ripple’s Legal Win – The Crypto Times (https://www.cryptotimes.io/2025/08/09/blackrock-expected-to-enter-xrp-etf-arena-after-ripples-legal-win/)