BlackRock’s XRP ETF Play: More Hype Than Substance?
Wall Street’s latest crypto darling—BlackRock’s XRP ETF—might be leaving investors cold. The fund giant’s move into Ripple’s embattled token smells suspiciously like another institutional cash grab.
Regulatory landmines ahead. While Larry Fink’s team works Washington connections, the SEC’s ongoing war with Ripple casts a long shadow. Remember when ’certified’ Bitcoin ETFs took a decade? Buckle up.
Liquidity mirage. XRP’s $30B market cap looks robust—until you realize 50% of circulating supply sits in escrow. Try moving nine-figure positions without moving markets. Go ahead.
The closer: Another case of suits repackaging speculative assets as ’innovation’ while skimming fees. But hey—at least the prospectuses will look pretty.
BlackRock, the biggest asset manager in the world with over $11.6 trillion, now wants an XRP ETF. At first, this might sound like great news for XRP supporters. Vandell Aljarrah, the Co-founder of Black Swan Capitalist, says this MOVE isn’t really about helping people use or invest in XRP. He believes it’s more about control and making money for big financial players.
BlackRock’s XRP ETF: Profit Over Access
Till now, nine giant firms have filed for an XRP ETF, including Bitwise, 21Shares, Grayscale Volatility, and many more, though giants like BlackRock have yet to join the race.
Meanwhile, Vandell Aljarrah said that for those hoping that BlackRock’s XRP ETF would open the floodgates to widespread crypto adoption, the reality might be disappointing. He says that BlackRock may not have good intentions.
BlackRock clearly wants an XRP ETF.
But before you celebrate & assume it’s a win for crypto, you need to understand.
This isn’t about democratizing access to XRP or unlocking utility for investors.
It’s about control & profit.
(FYI) ETFs can be subtly manipulated.
When you… pic.twitter.com/hImPWfcjYt
He believes this move isn’t about giving everyone fair access to XRP or helping investors use its full power. Instead, it’s more about control and profits.
Limited Utility with an XRP ETF
The Co-founder breaks it down simply, holding native XRP directly, you get more than just a price exposure. You can use it for remittances, liquidity provisioning, staking, smart contracts, and even hold and transfer it on your terms.
However, with an ETF, these real-world uses of XRP are completely off-limits. You can’t move it, hold it yourself, or do anything meaningful on the blockchain. It becomes a price-watching game, not real participation.
XRP ETF Approval Odds Surge to 81%
After news broke that BlackRock might be eyeing an XRP ETF, bettors on Polymarket are feeling bullish. The chances of an XRP ETF getting approved by the end of 2025 have now jumped to 81%.
Just a short while ago, those odds were sitting at 77%, showing how quickly sentiment is shifting. And when it comes to a possible approval before July 31, things are more divided. About 44% of bettors think it could happen by then, while the rest believe it may take longer.
