Blackrock has made bold features to Bitcoin and Ether ETFs, but on Friday the Asset Manager said it had no immediate plans to submit a place XRP Exchange-Traded Fund (ETF)There is the hope of society that its entry can help expand XRP’s 2025 -Rally.
This statement – made the day after the US securities and exchange commission (SEK) And Ripple Labs jointly asked an appeal to reject their respective appeals and signal a cessation of their almost five-year-old legal combat-Has left investors who question why BlackRock stays on the sidelines.
While several asset leaders, including Proshares, Grayscale and BitWise, have submitted the XRP ETFs since the end of 2024, Blackrock’s absence is remarkable, especially considering its dominance in the Bitcoin and Ether ETF markets.
Here are five reasons why BlackRock is not busy launching a Spot XRP ETF, despite the XRP community’s expectation of a demand-driven price increase.
First, BlackRock has cited limited client interest in cryptocurrencies beyond BTC and ETH. Back in March 2024, Robert Mitchnick, the capital manager’s head of digital assets, said there is a misunderstanding that Blackrock will have a “long tail” of other crypto services.
“I can say that Bitcoin for our customer base is overwhelming is overwhelming No. 1 focus and a little bit of Ethereum,” he said during a four -page chat at the initial Bitcoin Investor Day conference in New York on March 22.
Secondly, Blackrock’s strategic caution in regulatory uncertainty plays a role.
Although XRP sales on public exchanges are considered non-security, the broader legislative framework for Altcoin remains. Blackrock may be waiting for clearer SEC guidelines before entering the Altcoin ETF room.
The company’s conservative approach contrasts with competitors such as Proshares, who filed a place XRP ETF in January 2025 along with geared and futures-based XRP ETFs, where the latter tracks XRP futures contracts rather than token’s spot price.
Third, BlackRock may see diminishing returns by pursuing a spot XRP ETF in view of the crowded field. From August 2025, at least seven companies, including Grayscale, Franklin Templeton and 21Shares, have a pending space XRP ETF application.
Fourth, the XRP community’s expectations of a price increase may not be in accordance with Blackrock’s data-driven strategy. Polymarket -Odds for SEC, which approves a spot XTP ETF in 2025, stands at 77%. Blackrock’s Tokenized Money Market Fund at Ethereum and Solana shows Blockchain interest, but XRP’s smaller market footprint may not justify the operating costs of a new ETF.
Finally, Blackrock’s global perspective prioritizes markets where XRP demand is less pronounced. While the XRP community, actively on platforms like X, expects a spot -Tf -driving demand, comes much of XRP’s trading volume from Asia, where Blackrocks ETF is less dominant.
At press time, XRP traded about $ 3,1852, 3.92% down in the last 24 hours, according to Coindesk data.
