Is BlackRock preparing to enter the XRP ETF race? Investors speculate
Is BlackRock preparing to enter the XRP ETF race?
Grayscale’s recent application to convert its XRP Trust into an exchange-traded fund (ETF) has reignited investor interest in Ripple’s native cryptocurrency.
The filing, submitted to the New York Stock Exchange (NYSE) via a 19b-4 form, is part of Grayscale’s broader push to expand its ETF offerings. Now, speculation is mounting that BlackRock, the world’s largest asset manager, may be considering a similar move, according to Coingape.
Market buzz grows after journalist’s hint
The speculation gained momentum after FOX Business journalist Eleanor Terrett hinted that more XRP ETF applications could be on the horizon. In a social media post, she suggested that additional filings might surface in the coming weeks, fueling investor curiosity. When asked specifically about BlackRock’s involvement, she remained noncommittal but did not rule out the possibility, further stoking market discussions.
BlackRock has been a dominant force in the ETF market, particularly after its successful launch of a Spot Bitcoin ETF last year. Given its track record, analysts believe the firm could be assessing the viability of an XRP ETF, which would add further legitimacy to the crypto asset’s position in mainstream finance.
Despite the excitement, BlackRock has not made any official statements regarding an XRP ETF filing. Meanwhile, XRP’s price has seen minor fluctuations amid broader market uncertainty, with investors awaiting further regulatory clarity and economic data.
If BlackRock enters the XRP ETF market, it could significantly boost institutional interest and liquidity. Until then, speculation continues as the crypto sector awaits the next major development in the evolving ETF landscape.
BlackRock, the world’s largest asset manager with $11.5 trillion under management, has recommended allocating 1% to 2% of portfolios to Bitcoin (BTC) for some investors. The suggestion, part of a new report on multi-asset portfolios, marks a major endorsement from the financial giant.
