XRP ETF: BlackRock Dismisses Plans Despite Market Hopes

XRP ETF speculation stirred the crypto investment world once again, but BlackRock, the world’s largest asset manager, has definitively ruled out any immediate plans to launch a spot ETF tied to XRP or Solana. This clarification comes amid persistent optimism from market experts and investors alike, hoping to see a broader diversification in crypto-backed ETFs.

For months, industry voices have speculated that BlackRock would expand its crypto ETF offerings beyond Bitcoin and Ethereum. One of the most vocal proponents of this idea has been Nate Geraci, President of NovaDius Wealth Management, who asserted that BlackRock’s entry into XRP or Solana ETF spaces was not a matter of “if” but “when.” According to Geraci, the delay might stem from regulatory uncertainties, suggesting that BlackRock could be waiting for a clearer SEC framework before proceeding.

Contrary to these expectations, BlackRock recently issued a formal response confirming it has no immediate intentions to file for an XRP or Solana ETF. This rebuttal was shared by Geraci himself via his X account, acknowledging that his previous predictions had been directly challenged by the firm.

This announcement comes on the heels of a major legal development. Ripple and the SEC filed a joint motion to dismiss their appeals, signaling a potential end to the prolonged legal battle that has clouded XRP’s regulatory status. Many assumed this would pave the way for more institutional participation, including ETF filings. Yet despite this positive regulatory shift, BlackRock’s decision suggests that its ETF strategy remains focused on established assets for now.

In response to the company’s stance, Geraci opined that BlackRock might eventually regret this conservative approach. In his view, launching ETFs focused on assets like XRP and Solana would cement BlackRock’s leadership in the emerging crypto ETF space. He also warned that by remaining exclusively committed to Bitcoin and Ethereum, BlackRock could be unintentionally biasing the market in favor of these particular assets—thus “picking winners and losers” in what should be a neutral playing field.

While BlackRock continues to focus on its Bitcoin and Ethereum ETFs, other ETF applicants are not standing still. The SEC is currently reviewing several applications for XRP and Solana ETFs, with decisions expected in the months ahead. Expectations are running high among industry analysts. Prominent voices like Eric Balchunas and James Seyffart from Bloomberg have expressed optimism that at least one XRP or Solana ETF may receive approval before year’s end.

So where does this leave the XRP ETF hopefuls? While BlackRock won’t be leading the charge—at least not immediately—momentum in the broader market indicates the demand is real and growing. If other firms move forward and achieve regulatory success, it could motivate BlackRock to pivot sooner than anticipated. For now, the firm appears content with its current offerings, but in a fast-moving crypto landscape, adaptability often trumps caution.

Related: XRP Price: $12M Max Pain for Bears

The coming months will be critical for the future of XRP-related financial products. As regulators evaluate existing ETF applications and the industry waits for definitive answers, institutional hesitation may soon give way to broader participation—potentially bringing XRP into the forefront of mainstream investment portfolios, with or without BlackRock’s involvement.