XRP News Today: BlackRock Rules Out XRP and Solana ETFs for Now Despite Regulatory Clarity

BlackRock, the world’s largest asset manager, has confirmed it has no immediate plans to file for spot exchange-traded funds (ETFs) tracking XRP or Solana (SOL), despite the conclusion of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). The firm has stated it will maintain its focus on Bitcoin and Ethereum, which it already offers as ETF products, and will not submit applications for the two altcoins in the near term [1]. This decision follows recent speculation that the regulatory clarity from the Ripple-SEC case might prompt the firm to expand its cryptocurrency offerings [2].

The announcement has sparked mixed reactions from market participants. Some believe that XRP’s long-standing presence and consistent market capitalization, which remains in the top 10 despite regulatory challenges, justify an ETF filing [5]. Others argue that there is no significant demand or interest in XRP ETFs, particularly among BlackRock’s institutional client base, which supports the firm’s decision [6]. Meanwhile, XRP attorney John Deaton has suggested that BlackRock may eventually file for an XRP ETF, but not in the immediate future [7].

Analysts have also weighed in on the potential implications. Nate Geraci, president of NovaDius Wealth, has criticized the firm for potentially losing its leadership position in the ETF market if it fails to adapt to the evolving crypto landscape [3]. Bloomberg Intelligence analyst Eric Balchunas has raised questions about the broader implications of ETF approvals for altcoins, noting that including XRP could lead to similar applications for other coins like Solana and Tron [4]. Balchunas also reiterated his forecast that there is a 95% chance the SEC will approve pending XRP ETF applications this year, though recent market data from Polymarket indicated a drop in odds to 62% following a key vote by SEC Commissioner Hester Peirce [8].

BlackRock’s decision to prioritize Bitcoin and Ethereum reflects a strategic focus on the most liquid and widely accepted cryptocurrencies in the market. The firm’s approach highlights the evolving nature of the crypto ETF landscape, where regulatory clarity and market demand play pivotal roles. As the industry continues to mature, whether this strategy remains effective will depend on how market dynamics and investor expectations shift over time.

Source:

[1] AInvest – [https://www.ainvest.com/news/xrp-news-today-blackrock-plans-xrp-solana-spot-etfs-2508/](https://www.ainvest.com/news/xrp-news-today-blackrock-plans-xrp-solana-spot-etfs-2508/)

[2] CoinGape – [https://coingape.com/blackrock-rules-out-xrp-etf-filing-despite-ripple-lawsuit-end/](https://coingape.com/blackrock-rules-out-xrp-etf-filing-despite-ripple-lawsuit-end/)

[3] CoinCentral – [https://coincentral.com/blackrock-rules-out-xrp-etf-despite-ripple-settling-sec-case/](https://coincentral.com/blackrock-rules-out-xrp-etf-despite-ripple-settling-sec-case/)

[4] CoinCentral – [https://coincentral.com/analyst-says-blackrock-jumping-into-solana-etf-would-be-unfair/](https://coincentral.com/analyst-says-blackrock-jumping-into-solana-etf-would-be-unfair/)

[5] Twitter – @xrpbreezy – [https://twitter.com/xrpbreezy/status/1287234982109848576](https://twitter.com/xrpbreezy/status/1287234982109848576)

[6] Twitter – @CryptoNews_eth – [https://twitter.com/CryptoNews_eth/status/1287234982109848576](https://twitter.com/CryptoNews_eth/status/1287234982109848576)

[8] Twitter – @EricBalchunas – [https://twitter.com/EricBalchunas/status/1287234982109848576](https://twitter.com/EricBalchunas/status/1287234982109848576)