XRP News Today: BlackRock No Immediate Spot ETFs for Solana XRP Amid Crypto Growth

BlackRock, the world's largest asset manager, has officially ruled out any immediate plans to launch a spot exchange-traded fund (ETF) for Solana (SOL), despite growing interest in the cryptocurrency and recent developments in the broader crypto market [1]. The firm reiterated its strategic focus on Bitcoin (BTC) and Ethereum (ETH), with no indication of expanding its current ETF lineup to include other major digital assets [2]. In a statement, a BlackRock spokesperson confirmed the company remains concentrated on its existing crypto offerings and has no plans to pursue new spot ETFs for Solana or XRP at this time [3].

This decision comes amid speculation that BlackRock might respond to the favorable resolution of Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), which many had viewed as a potential catalyst for new crypto product filings. However, BlackRock has maintained that its resources and focus remain on Bitcoin and Ethereum-based products, which have seen steady institutional adoption and regulatory progress [4]. Analysts have speculated that the firm could eventually expand its portfolio to include other cryptocurrencies, including XRP and Solana, but no short-term activity has been confirmed [5].

The crypto community has expressed disappointment over BlackRock’s continued exclusion of Solana from its ETF strategy. Institutional investors had hoped the firm’s market influence might help drive broader adoption of Solana’s native token through a regulated financial product. However, BlackRock’s spokesperson emphasized that the firm sees no immediate need to shift its focus from the two largest cryptocurrencies by market capitalization [1].

Some analysts argue that other firms may still pursue Solana-based ETFs independently, even without BlackRock’s involvement. These alternative offerings could include futures ETFs, which have been proposed by smaller asset managers. However, the absence of a major player like BlackRock in this space may limit short-term momentum for Solana as an institutional asset [2]. Market watchers remain cautious, noting that regulatory clarity and market demand will ultimately determine when—if ever—Solana gains access to a spot ETF.

BlackRock’s continued emphasis on Bitcoin and Ethereum reflects a broader trend among large institutional players in the crypto space, who have largely prioritized the most established and liquid assets. While this strategy has proven successful in terms of investor inflows and market stability, it also highlights the challenges smaller or newer cryptocurrencies face in gaining institutional recognition and support [3].

The firm’s decision is also consistent with its broader approach to crypto market engagement, which has included infrastructure partnerships and strategic investments rather than direct exposure through spot ETFs. This measured stance underscores BlackRock’s commitment to long-term stability and regulatory alignment over short-term speculation [4].

Despite the firm’s current position, some experts remain optimistic that regulatory developments could eventually encourage a shift in strategy. However, until such changes materialize, BlackRock’s focus on Bitcoin and Ethereum is unlikely to waver [5].

Source:

[1] The, BlackRock Rules Out Immediate Plans for Spot XRP ETF (https://thecryptobasic.com/2025/08/09/blackrock-rules-out-immediate-plans-for-spot-xrp-etf/)

[2] Bitcoin.com, Blackrock Will File for Spot XRP ETF, Says Expert as Finish Line Approaches (https://news.bitcoin.com/blackrock-will-file-for-spot-xrp-etf-says-expert-as-finish-line-approaches/)

[3] Coinpedia, Bill Morgan Reveals More Public Companies Adding XRP to Their Reserves (https://coinpedia.org/news/bill-morgan-reveals-more-public-companies-adding-xrp-to-their-reserves/)

[4] Coincu, BlackRock Clarifies No Plans for XRP or SOL ETFs (https://coincu.com/news/blackrock-no-xrp-sol-etf/)

[5] CoinGape, BlackRock Rules Out XRP ETF Filing Despite Ripple Lawsuit End (https://coingape.com/blackrock-rules-out-xrp-etf-filing-despite-ripple-lawsuit-end/)