Blackrock says no to XRP ETF – what are they really waiting for? star-news.press/wp

Blackrock has ruled out the launch of the ETFS for XRP or Solana (Sol) soon.

This position comes despite the gossip in the increasing industry and the last conclusion of the long legal battle with the Securities and Stock Exchange Committee).

Why does Blackrock stay away from XRP

And according to his Blackrock “There are no plans” To serve ETFS Spot Spot or Solana Etf possible. The clarification came a few hours after the EtF Nate Geraci store suggested that the asset management giant can finally enter the XRP ETF market.

Girassi was earlier to publish Which – whichIt was believed that Blackrock was waiting for the end of the long ripples against the Supreme Education Council before it was presentedIshares XRP ETF.

Gerasi also referred to the growing traction in Ethereum, quoting Matthew Siegel’s view that bitcoin dominance has begun to decline as banks and technology adopt, and the companies are adopted by Stablecoins, many of which will be settled on banning open sources such as Ethereum.

Decreased demand behind bitcoin and ethereum

Meanwhile, Blackrock Executive officials have stressed repeatedly that the customer’s interest outside Bitcoin and Ethereum remains minimal. In December, Beincrypto Robert Michink, head of the Blackrock Digital Assets, said there was there. “Very little” The demand for other inlapping investment funds for encryption.

“I don’t think we will see a long list of investment funds circulating in encryption. If you are thinking about Bitcoin, it represents about 55 % of the maximum market today.

In the same tone, Jay Jacobs, head of the ETF department at Blackrock, said that Blackrock does not plan to launch any new boxes that focus on Altcoin.

Jacobs also emphasized the company’s intention to expand the scope of the Bitcoin and ETHEEUM investment funds, which was exceptionally well performed so far.

“We are only on the tip of the iceberg with Bitcoin, especially Ethereum. Just a small portion of our customers owns Ibit and Etha, and this is what we focus on (for the launch of a new Altcoin Atfs), “ETF Erik’s analysts by Shaunas I mentionedQuoted by Jay JacobsS State of that time.

Samara Cohen, the chief investment official of ETF and Index Investments, told Bloomberg that for Blackrock, only Bitcoin and ETHER meet in this tape, at the present time, on the measures of investment and customer considerations.

“… I think it would be some time before we see anything else,” Cohen He said In the interview.

Meanwhile, Balchunas agrees that Blackrock may see little incentives to expand beyond two traded investment funds.

He believes that the company will follow unlikely to continue the index -based ETF Crypto, which is likely to include XRP, this year, indicating a decrease in returns from expanding its offer.

Meanwhile, although Blackrock’s position may be a cautious decision -based decision, this may also be a lost opportunity to make, but the only time he will tell.

Post Blackrock says no to XRP ETF – What are they really waiting for? He first appeared on Beincrypto.

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2025-08-09 07:47:00