XRP News Today: BlackRock Rules Out XRP and Solana ETFs Amid Regulatory Uncertainty

BlackRock, the world's largest asset manager, has dismissed speculation surrounding its potential filing for spot XRP and Solana (SOL) ETFs, despite the recent resolution of Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC) [1]. The firm has reiterated its current focus on Bitcoin and Ethereum-based ETFs, which it already offers, and has ruled out immediate expansion into altcoin ETFs [2]. This clarification followed earlier speculation by Nate Geraci, president of NovaDius Wealth Management, who suggested BlackRock could pursue such ETFs by October 2025 [3].

Geraci, who has a history of commenting on institutional interest in digital assets, emphasized the potential for XRP and SOL to gain broader adoption with the inclusion of institutional-grade products [3]. His remarks fueled market speculation and contributed to short-term price fluctuations in both XRP and SOL. According to CoinMarketCap data as of August 10, 2025, XRP traded at $3.19, with a market cap of $188.95 billion [4]. While the coin saw a 4.31% price drop in the previous 24 hours, it had posted a 37.26% increase over the past 60 days [4].

Despite the enthusiasm from market analysts, BlackRock’s decision reflects a cautious approach to the altcoin sector. The firm’s institutional clients reportedly show little demand for XRP or SOL ETFs, a factor cited by some as justification for its current product focus [5]. XRP attorney John Deaton has indicated that an ETF filing could still occur in the future but not immediately [6].

The debate over XRP and SOL ETFs highlights a broader tension in the crypto market between regulatory uncertainty and investor demand. While some argue that XRP’s consistent position in the top 10 cryptocurrencies by market cap makes it a natural candidate for an ETF [4], others caution against broadening the product range until more regulatory clarity is achieved [5]. Eric Balchunas of Bloomberg Intelligence has also raised concerns about the implications of approving altcoin ETFs, noting that XRP’s inclusion could trigger similar applications for other coins [7].

Market forecasts remain divided. Balchunas has forecasted a 95% chance of approval for pending XRP ETF applications, although recent market data from Polymarket showed the odds dropped to 62% following a key vote by SEC Commissioner Hester Peirce [8]. This shift reflects the ongoing uncertainty in the regulatory landscape and the potential for policy changes to influence market sentiment.

BlackRock’s decision to exclude XRP and SOL from its current ETF strategy underscores the firm’s preference for the most liquid and widely accepted cryptocurrencies. While this position may align with the risk-averse nature of institutional investors, it has also drawn criticism from analysts who argue that the firm risks falling behind in the rapidly evolving crypto market [3]. Whether this strategy proves sustainable will depend on how regulatory frameworks and investor expectations evolve in the coming months.

Sources:

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

[2] Bitget – [https://www.bitget.com/news/detail/12560604904432](https://www.bitget.com/news/detail/12560604904432)

[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] CoinMarketCap – [https://coinmarketcap.com/community/articles/68987f2e4aa6a72cbd7c747b/](https://coinmarketcap.com/community/articles/68987f2e4aa6a72cbd7c747b/)

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

[6] 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/)

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