Why Is BlackRock Dragging Its Feet? 5 Key Reasons Behind the Absence of a U.S. Spot XRP ETF

Wall Street's crypto dance continues—but BlackRock's sitting this one out. Here's why the asset management giant hasn't pulled the trigger on an XRP ETF yet.

1. Regulatory Roulette

The SEC's love-hate relationship with Ripple leaves too much uncertainty for institutional players. Why gamble when bitcoin ETFs are already printing money?

2. Liquidity Questions

XRP's market depth doesn't move the needle for whale-sized trades. BlackRock deals in oceans, not puddles.

3. The 'Institutional Grade' Test

Until custody solutions meet BlackRock's paranoid standards, XRP remains in the penalty box. Their compliance department sleeps better that way.

4. Client Demand (Or Lack Thereof)

Pension funds aren't exactly clamoring for XRP exposure. Yet another case of crypto Twitter not reflecting real-world institutional interest.

5. The Waiting Game

Let smaller firms test the SEC waters first. BlackRock can afford to be fashionably late—their ETF approval hotline rings straight to the top.

Meanwhile, the rest of us get to enjoy Wall Street's favorite spectator sport: watching trillion-dollar firms pretend to be 'cautious' while positioning for the eventual land grab. How very... strategic.