XRP News Today: BlackRock No XRP ETF Plans Despite High Approval Odds

BlackRock has officially clarified its position on potential XRP ETF filings, stating that it currently has no plans to submit an application for a spot XRP or SOL exchange-traded fund to the U.S. Securities and Exchange Commission (SEC) [1]. The statement, delivered by a BlackRock spokesperson to The Block, follows weeks of speculation and mounting market enthusiasm fueled by Nate Geraci, president of Novadius Wealth Management, who previously suggested the firm was waiting for the conclusion of the SEC v. Ripple lawsuit before filing [3]. Geraci later acknowledged the firm’s response on social media, calling the decision a “mistake,” but did not provide new evidence to support his claim [1].

Despite the firm’s denial, the broader market continues to show confidence in a potential XRP ETF approval. On prediction market platform Polymarket, the odds for such approval have climbed to as high as 98% at various points, with current odds sitting around 88% [2]. This surge in betting activity reflects broader momentum in the crypto market, where recent legal developments and corporate adoption have improved XRP’s institutional profile. Ripple and the SEC recently dropped all appeals in their long-running legal battle, a move seen by some as a step toward regulatory clarity for XRP [1].

XRP’s market performance has also strengthened in recent weeks. Futures trading volume for the asset has risen sharply, with BlockBeats reporting a 208% increase, surpassing that of Solana (SOL) [5]. This growing interest in XRP derivatives highlights the asset’s appeal to both institutional and retail investors, even in the absence of a formal ETF product. Meanwhile, Ethereum has seen a 7% decline in recent days, shifting market attention toward XRP as a potential breakout candidate [4].

BlackRock’s role in the crypto space remains significant, particularly following the success of its IBIT Spot Bitcoin ETF. The product became the fastest ETF to surpass $70 billion in assets under management, reinforcing the firm’s influence in the crypto investment landscape [6]. While BlackRock has not ruled out the possibility of an XRP ETF in the future, it has emphasized a cautious approach in the current regulatory environment. The SEC is currently reviewing multiple crypto ETF applications, and the outcome for XRP remains uncertain.

The firm’s decision has not dampened the optimism surrounding XRP. Analysts continue to watch the regulatory landscape closely, noting that an XRP ETF approval could serve as a major milestone for the Ripple ecosystem and further legitimize the broader crypto asset class. However, until BlackRock or another major asset manager files an official application, the approval remains speculative and subject to the SEC’s ongoing evaluation process [1].

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[1] CoinGlass – https://www.coinglass.com/news

[2] Facebook – https://www.facebook.com/manuel.guevarra.369210/

[3] Facebook – https://www.facebook.com/groups/250968057873111/posts/795390966764148/

[4] Bitget – https://www.bitget.com/price/boost/news

[5] Coinlive – https://www.coinlive.com/news/after-the-stablecoin-bill-is-implemented-where-will-the-next

[6] blockscholes – https://www.blockscholes.com/research