Quickly understand the history and background of various well-known coins

XRP News Today: BlackRock's XRP ETF Plans Spark 81% Approval Odds by 2025

Coin WorldMonday, May 12, 2025 9:00 am ET

1min read

BlackRock, the world's largest asset manager, has announced its intention to launch an XRP Exchange-Traded Fund (ETF). While this news might initially seem like a significant boost for XRP supporters, it has raised concerns about the true motivations behind such a move. Vandell Aljarrah, the Co-founder of Black Swan Capitalist, suggests that BlackRock's interest in an XRP ETF is more about control and profit rather than promoting widespread crypto adoption or benefiting regular crypto users.

Aljarrah points out that BlackRock's primary goal is to generate profits for large financial institutions, not to democratize access to XRP or enhance its utility for investors. He warns that ETFs can be manipulated subtly, and holding an ETF does not provide the same level of control and utility as owning native XRP. With an ETF, investors are limited to price exposure and cannot engage in real-world uses of XRP, such as remittances, liquidity provisioning, staking, or smart contracts. This means that ETF holders cannot move, hold, or use XRP on the blockchain in any meaningful way, reducing it to a mere price-watching exercise.

Despite these concerns, the news of BlackRock's potential involvement has sparked optimism among bettors on Polymarket. The odds of an XRP ETF getting approved by the end of 2025 have surged to 81%, up from 77% previously. However, opinions are divided on whether the approval will come before July 31, with 44% of bettors believing it could happen by then, while the rest think it may take longer.

In summary, while BlackRock's interest in an XRP ETF has boosted investor sentiment, it has also raised questions about the true intentions behind such a move. Critics argue that an ETF would not provide the same level of utility and control as holding native XRP, and that the primary motivation for large financial institutions like BlackRock is profit rather than promoting crypto adoption. The approval odds for an XRP ETF have increased significantly, but the timeline for approval remains uncertain.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.