BlackRock Shuts Door on XRP ETF—Even After Ripple’s SEC Settlement Victory

Wall Street's ETF titan just snubbed crypto's comeback kid.

BlackRock—the $10 trillion asset manager that launched Bitcoin's first spot ETF—won't touch XRP despite Ripple's landmark legal win against the SEC. Sources confirm no filings in progress, crushing hopes for institutional adoption.

Why the cold shoulder? Insiders whisper 'regulatory PTSD'—Wall Street still flinches at XRP's 2020 SEC lawsuit scars. Meanwhile, Ripple's CTO tweets moon emojis while traders dump the news.

Funny how 'settled law' still smells like risk when you're playing with other people's billions.

TLDR

• BlackRock has stated it will not file for an XRP ETF or Solana ETF.
• The company already offers Bitcoin and Ethereum ETFs and will maintain this focus.
• Ripple and the U.S. Securities and Exchange Commission ended their legal battle this week.
• Industry experts had expected BlackRock to pursue an XRP ETF after the case closure.
• Nate Geraci warned that limiting ETFs to Bitcoin and Ethereum could hurt BlackRock’s market share.

BlackRock has confirmed it will not file for an XRP ETF or Solana ETF despite Ripple’s legal victory this week. The company already offers Bitcoin and ethereum ETFs but said it has no current plans for other crypto products. The statement ends speculation that it was waiting for regulatory clarity before pursuing an XRP ETF.

BlackRock Holds Back on XRP ETF Filing

The announcement came one day after Ripple and the U.S. Securities and Exchange Commission ended their prolonged court battle. Both parties agreed to drop appeals, closing a case launched in 2020 over XRP’s classification. This outcome had led some to expect a new push for an XRP ETF filing.

Industry observers had believed BlackRock might target the XRP ETF market after the legal uncertainty cleared. However, the firm’s confirmation showed regulatory resolution was not a deciding factor.

“We currently have no plans to submit applications for either product,” BlackRock told The Block.

Nate Geraci, president of NovaDius Wealth, criticized BlackRock’s narrow ETF approach. He said the firm risks losing share as the crypto ETF market expands. He argued that avoiding the XRP ETF could leave space for rivals to dominate the category.

BlackRock immediately calls me out…

Says *no* plans at this time to launch spot xrp (or sol) ETF.

IMO, this will be looked back on as a mistake.

We shall see.

via @ForTheWynn_ pic.twitter.com/9nQaA3ZYDO

— Nate Geraci (@NateGeraci) August 8, 2025

BlackRock Faces Pressure Over ETF Expansion

Bloomberg Intelligence’s Eric Balchunas questioned how far ETF expansion should go if an XRP ETF were allowed. He mentioned solana and Tron as potential next products. His comment reflected broader market interest in expanding beyond the top two cryptocurrencies.

Here’s a q tho: if they do XRP is that enough? Solana? Tron? Where do you draw the line?

— Eric Balchunas (@EricBalchunas) August 8, 2025

Geraci said the ETF market is a “hugely moving target” and expressed surprise at BlackRock’s limited strategy. He expected the company to defend its leadership by exploring more ETFs. Competitors, including ProShares, 21Shares, Canary, and Bitwise already have pending XRP ETF applications before the SEC.

Some community members said BlackRock may see little U.S. demand for an XRP ETF. Others cited XRP’s long history and high ranking as reasons for its potential. Interest in XRP remains strong in certain Asian markets, alongside assets like Litecoin.