BlackRock Denies Owning XRP or Planning XRP ETF
BlackRock, the world’s largest asset manager with over $9 trillion under management, has officially denied owning XRP or filing for an XRP ETF. Despite widespread speculation on social media and in crypto forums, the firm’s spokesperson confirmed there are no plans for an XRP ETF, and no XRP holdings appear in public filings or independent trackers. Instead, BlackRock remains focused on its spot Bitcoin ETF and proposed Ethereum ETF, assets with clearer regulatory frameworks and stronger institutional demand. Regulatory uncertainty around XRP persists after the SEC’s lawsuit against Ripple, even though courts ruled XRP is not a security. Smaller firms like Bitwise, 21Shares, WisdomTree and Canary Capital have filed for XRP ETF approval, but none have secured SEC approval. By steering clear of XRP, BlackRock underscores its compliance-driven, risk-averse approach and prioritizes liquidity and scale in its crypto strategy. This denial removes a key bullish catalyst for XRP ETF speculation and keeps institutional attention firmly on BTC and ETH markets.
Bearish
News that BlackRock denies owning XRP or planning an XRP ETF removes a significant bullish catalyst for XRP traders. Speculation of institutional backing had driven prices higher, as seen when other asset managers filed ETF proposals and XRP rallied on rumor-driven volume. With BlackRock confirming no XRP exposure, short-term momentum may falter and trigger profit-taking by speculative traders. In the past, SEC rejections or denials of ETF plans led to 5–10% price drops in affected tokens. Long term, XRP’s market outlook remains weakened by regulatory ambiguity and lack of major institutional support, while Bitcoin and Ethereum continue to attract capital. Overall, the denial exerts bearish pressure on XRP markets, although fundamental use cases for cross-border payments remain intact.