XRP News Today: BlackRock Rules Out XRP and SOL ETFs Despite Ripple SEC Case Resolution

BlackRock has confirmed it has no immediate plans to launch a spot exchange-traded fund (ETF) for XRP or Solana (SOL), despite the resolution of Ripple’s nearly five-year legal dispute with the U.S. Securities and Exchange Commission (SEC) in early August 2025 [1]. The legal battle, which ended when both parties withdrew their appeals, had been seen as a potential catalyst for renewed interest in XRP-based investment vehicles [2]. However, BlackRock has clarified that it is not pursuing such options at this time [3].

The firm’s decision comes amid growing industry speculation that the legal clarity surrounding XRP could encourage more firms to file for an ETF. NovaDius Wealth President Nate Geraci had suggested that BlackRock would eventually enter the XRP ETF market, given the firm’s dominance in the ETF space and the broader market appetite for crypto products [4]. Geraci also highlighted the success of futures-based XRP and SOL ETFs, which have attracted over $1 billion in assets since their launches in March and April 2025, signaling potential demand for spot products once they become available [5].

Despite this, BlackRock has not aligned with the expectations of some market observers. A representative reportedly stated the firm is not planning to file for XRP or SOL ETFs and has instead been focusing its efforts on other opportunities in the digital asset space [6]. This approach appears to reflect broader institutional caution, as regulatory uncertainty and market volatility continue to shape the decisions of major asset managers [7].

Meanwhile, other players in the asset management industry have shown greater openness to XRP products. Firms such as ProShares, WisdomTree, 21Shares, Canary, and Bitwise have all submitted applications for potential XRP ETFs with the SEC [8]. Analysts at Bloomberg have also raised their forecast for XRP, Dogecoin, and Cardano ETF approvals to 90%, anticipating regulatory progress by year-end [9]. In parallel, Canada has already seen the launch of spot XRP ETFs, with 3iQ’s XRPQ and XRPQ.U accumulating approximately $50 million in assets under management on the Toronto Stock Exchange since mid-June [10].

BlackRock’s current strategy is further illustrated by its continued focus on its iShares Bitcoin Trust (IBIT), which has drawn significant institutional support. For instance, Harvard Management Company recently disclosed a $116 million stake in the fund, underscoring growing confidence in regulated digital assets [11]. This trend highlights how traditional financial institutions are increasingly engaging with crypto in a measured, compliance-driven manner.

The decision not to pursue an XRP or SOL ETF does not imply a lack of confidence in the tokens themselves but rather reflects BlackRock’s strategic priorities and risk management approach. As the regulatory environment continues to evolve, institutions are likely to remain selective, prioritizing products with clearer compliance frameworks and stronger market fundamentals [12]. BlackRock’s choice to refrain from new crypto ETFs in this period underscores the broader institutional tendency to balance innovation with caution.

Source:

[1] BlackRock Says XRP And SOL ETFs Not In The Cards... (https://zycrypto.com/blackrock-says-xrp-and-sol-etfs-not-in-the-cards-despite-long-running-ripple-sec-case-officially-ending/)

[2] BlackRock rules out XRP and SOL ETFs despite Ripple-... (https://www.bitget.com/news/detail/12560604903537)

[3] BlackRock Says No To XRP ETF – What Are They Really... (https://www.bitget.com/news/detail/12560604903643)

[10] Crypto Short News – Latest Real-Time Updates (https://coinpedia.org/crypto-live-news/)

[11] Harvard Reports $116M Stake in BlackRock's iShares... (https://cryptoadventure.com/harvard-reports-116m-stake-in-blackrocks-ishares-bitcoin-etf-in-latest-filing)