BlackRock Rules Out XRP ETF Filing Despite Strong Demand
BlackRock has confirmed it has no immediate plans to file a spot XRP ETF. The world’s largest asset manager focuses on its existing Bitcoin and Ethereum ETFs and has ruled out both XRP and Solana ETFs for now. The announcement halts speculation that BlackRock would join other firms in launching an XRP ETF. Analysts note strong market demand: futures-based XRP funds have attracted over $1 billion in inflows this year. While legal clarity following Ripple’s SEC lawsuit increases the odds of spot XRP ETF approval later this year (estimated at 95%), issuers like BlackRock remain cautious, weighing liquidity, custody infrastructure and first-mover advantages before filing. With no official SEC submission yet, traders should temper expectations for a BlackRock XRP ETF in the near term.
Bearish
BlackRock’s explicit denial of a spot XRP ETF filing cools immediate institutional demand and removes the prospect of a major fund manager entering the XRP ETF race. In the short term, this dampens speculative buying that had driven price momentum. However, strong inflows into futures-based XRP funds and a high probability of SEC approval later this year suggest the market may regain footing over time. Traders should expect muted price action for XRP until an official filing appears. 从历史经验看，首发优势往往能显著推升ETF标的资产的短期表现，而贝莱德的观望态度令XRP失去这一催化剂，因此短期内更偏向看跌。