Multiple positive developments—including XRP ETF filings, SEC Chair Gary Gensler stepping down, and the launch of Ripple’s RLUSD stablecoin—have fueled speculation about an XRP ETF. However, BlackRock, the $12 trillion asset manager behind spot Bitcoin and Ethereum ETFs, has no plans to file for an XRP or altcoin ETF, according to Jay Jacobs, head of BlackRock’s ETF department.
BlackRock Confirms No XRP ETF Plans
Jay Jacobs dismissed rumors about BlackRock filing an XRP ETF application, stating the company is currently focused on expanding Bitcoin and Ethereum ETF coverage. He confirmed BlackRock has no immediate plans to pursue ETFs for XRP or other altcoins.
Meanwhile, firms like Bitwise, Canary Capital, 21Shares, and WisdomTree have filed XRP ETF applications, with potential approvals expected by late 2025.
The speculation intensified amid crypto-friendly regulatory shifts, including Donald Trump’s pro-crypto administration and SEC Chair Gary Gensler’s departure. However, BlackRock’s stance has tempered expectations.
Market Reaction:
"If BlackRock filed an XRP ETF, it would bring massive liquidity to crypto markets."
— Lark Davis, Crypto Influencer
Experts Weigh In: Is an XRP ETF Imminent?
Despite BlackRock’s hesitation, industry leaders like Ripple CEO Brad Garlinghouse and ETF analyst Nate Geraci remain optimistic about an XRP ETF launch. Some investors support BlackRock’s cautious approach, arguing gradual ETF rollouts reduce market volatility.
Key indicators suggest strong demand for an XRP ETF:
- Coinbase Whales: Driving XRP’s recent price rally, with a 3–13% premium on Coinbase.
- Grayscale XRP Trust: Recorded a 300% return since May, signaling institutional interest.
- Regulatory Developments: NYDFS approval of Ripple’s RLUSD stablecoin could pave the way for a regulated XRP market.
XRP Price Outlook Post-RLUSD Launch
The approval of Ripple’s RLUSD stablecoin and progress in the Ripple vs. SEC lawsuit are major catalysts for XRP. CME and CF Benchmarks’ XRP reference rates further bolster ETF prospects.
Current XRP Metrics:
- Price: $2.43 (3% daily gain)
- 24H Range: $2.34–$2.52
- Recent Rally: 400%+ (consolidating for potential $5 breakout)
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FAQs
1. Why did BlackRock reject an XRP ETF?
BlackRock aims to solidify Bitcoin and Ethereum ETF adoption first before expanding to altcoins.
2. When could an XRP ETF launch?
Analysts predict late 2025, pending regulatory approvals and market conditions.
3. How does RLUSD impact XRP’s price?
RLUSD creates a regulated XRP ecosystem, potentially boosting liquidity and price stability.
4. What’s driving XRP’s recent rally?
Coinbase whale activity, ETF speculation, and Ripple’s legal progress are key factors.
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Final Thoughts
While BlackRock’s XRP ETF plans are on hold, the broader market momentum—from RLUSD to regulatory shifts—keeps XRP investors bullish. The crypto community awaits further developments, with ETF approvals and Ripple’s legal resolution as pivotal milestones.