BlackRock no go file XRP ETF despite strong demand
BlackRock don confirm say dem no get immediate plan to file spot XRP ETF. Di biggest asset manager for di world dey focus on their Bitcoin and Ethereum ETFs wey dem get already and dem don rule out both XRP and Solana ETFs for now. Di announcement don stop di talk say BlackRock go join other companies to launch XRP ETF. Analysts notice say market demand strong: futures-based XRP funds don get over $1 billion inflows dis year. Even though legal clarity wey come after Ripple SEC lawsuit dey increase chances say spot XRP ETF go fit get approval later this year (estimated 95%), companies like BlackRock still dey cautious, dem dey reason about liquidity, custody infrastructure, and first-mover advantage before dem go file. As dem never officially submit to SEC, traders suppose calm down their expectations for BlackRock XRP ETF soon.
Bearish
BlackRock explicit denial of spot XRP ETF filing don cool down immediate institutional demand and e remove di chance say big fund manager go enter di XRP ETF race. For short term, dis one dey kill di speculative buying wey dey push price momentum. But strong inflows for futures-based XRP funds and high chance say SEC go approve am later dis year show say market fit regain footing over time. Traders suppose expect small price movement for XRP until official filing show. History dey show say first mover advantage fit boost ETF asset short-term performance well well, but BlackRock attitude dey make XRP lose dis catalyst, so short term e dey look bearish.