BlackRock Shuts Door on Spot XRP ETF—For Now
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Wall Street's trillion-dollar gorilla just swiped left on XRP.
BlackRock—the asset manager that moves markets with a whisper—confirmed it won't launch a spot XRP ETF anytime soon. No regulatory hurdles cited, no timelines given. Just a cold shoulder to the fifth-largest crypto by market cap.
What's the holdup? Maybe those pesky SEC lawsuits still haunting Ripple. Or perhaps BlackRock's playing 4D chess—waiting for XRP to moon before cashing in. Classic Wall Street: 'innovate' only after the little guys take the risk.
XRP army's left clutching their bags while Bitcoin and Ethereum ETFs print money. But hey, at least the 'institutional adoption' narrative stays alive... for other coins.
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