BlackRock Eyeing XRP ETF? Wall Street’s Latest Crypto Gambit Sparks Frenzy

Rumors hit overdrive as the world’s largest asset manager flirts with an XRP ETF—just as the SEC’s war on crypto looks increasingly desperate. Here’s why this might not be another false alarm.

The institutional domino effect

BlackRock doesn’t move quietly. When the $10 trillion gorilla starts eyeing a crypto ETF, hedge funds and pension managers scramble to justify their 2% management fees. XRP’s regulatory clarity—that 2020 SEC lawsuit now looking like a bargain—just made it the path of least resistance.

Timing is everything (except in finance)

With Bitcoin and Ethereum ETFs already trading, Wall Street needs the next narrative. XRP’s cross-border payments angle lets suits pitch ’real-world utility’ between martinis. Never mind that Ripple still moves slower than a 1999 wire transfer.

The punchline?
This could be the play that finally forces the SEC to admit defeat—or reveals how hollow the ’institutional adoption’ rally really is. Either way, grab popcorn.

Source: WSJ

BlackRock May Be Preparing XRP ETF as SEC Meetings Continue

Over the last year, bitcoin has been one of the biggest surprises of the finance sector. The leading crypto surged to a six-figure value in November, reaching all-time highs of $109,000. However, it is often overlooked how important the presence of BlackRock’s Bitcoin ETF was, as many had labeled it the greatest launch of its kind ever.

Now, all eyes are on what asset could follow Bitcoin and ethereum this year. Specifically, many are looking to tokens like Ripple. Surprisingly, BlackRock has yet to file for an XRP ETF and has not indicated any plans to do so. But that doesn’t seem to be aligning with increased rumors signaling that it could be set to change.

Source: Decrypt

According to a recent letter, BlackRock and the SEC had a critical meeting. Specifically, the asset manager met with the crypto Task Force to discuss its present ETF approval standards. This has led many to ponder if the filing could be on its way for the firm.

If it were to arrive, it would certainly be a game changer. At this point, XRP does deserve the exchange-traded fund and institutional exposure. The crypto recently overtook Tether USDT to become the third-largest cryptocurrency by market cap. Moreover, it looks to be closing in on the $3 mark, with room to gain even more from that. Additionally, its use cases as a top cross-border payment facilitator give it exponential value to investors of all sizes.