BlackRock Eyes XRP ETF Launch Following Ripple’s Landmark Legal Victory

Wall Street’s trillion-dollar gorilla is ready to play.

BlackRock—the asset manager that moves markets with a whisper—is reportedly circling XRP for a potential ETF after Ripple’s decisive courtroom win. Sources say legal clarity has turned the ‘toxic asset’ into a target.

Why now? The SEC’s failed assault on XRP created an opening. With Ripple’s regulatory limbo resolved, institutional floodgates could burst open. ‘They’ll tokenize anything that isn’t nailed down,’ quipped a Goldman Sachs alum.

Market impact? XRP holders are already pricing in the BlackRock effect—though let’s be honest, Wall Street’s ‘adoption’ usually means extracting fees from both sides of the trade.

The twist? This might just force the SEC to finally draft coherent crypto rules. Or they’ll just sue everyone again out of spite.

Analysts Disagree on BlackRock’s Timing

Despite growing optimism, not all analysts see a BlackRock filing as inevitable. Bloomberg ETF expert Eric Balchunas pushed back, saying, “I think they’re happy with the two.” He cited limited upside beyond Bitcoin and Ethereum. However, he admitted his stance was more gut than data-driven.

DCinvestor weighed in, noting that many long-time crypto participants share this BTC-ETH-only mindset. Geraci responded by asking if BlackRock shared that same narrow view.

Meanwhile, seven other asset managers—including Grayscale, 21Shares, and Bitwise—have already filed for XRP ETFs. Bloomberg analysts now estimate a 95% chance of approval this year. On Polymarket, a decentralized event trading platform, traders give a 82% chance of an XRP ETF launching before year-end.

The end of the Ripple-SEC legal battle has paved the way for a new venture. Hence, the addition of BlackRock would give the asset institutional approval and open up new markets for cryptocurrency exchange-traded funds.

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