BlackRock’s Potential XRP ETF Filing Boosts Approval Odds and Market Sentiment

Approval odds for a Ripple (XRP) ETF have surged following the US SEC’s approval of the NASDAQ Crypto US Settlement Price Index, which includes XRP among other altcoins. Prediction market Polymarket reported odds for XRP ETF approval by year-end spiking to as high as 98%, currently settling at 88%. This optimism is tied to the SEC’s recent actions, signaling growing institutional legitimacy and clearer pricing for XRP. Despite this, ADA and SOL ETF approval odds remain lower. In a new development, there is speculation that BlackRock, the world’s largest asset manager, may submit an XRP ETF filing. This marks a potential shift in BlackRock’s ETF strategy, as previously the firm was reluctant to explore altcoin funds beyond Bitcoin and Ethereum. ETF analyst Nate Geraci has raised the possibility of batch approvals, similar to BlackRock’s Bitcoin and Ethereum ETF filings. Bitwise, Canary Capital, 21Shares, and Franklin Templeton are already in the race for an XRP ETF. VanEck has accused the SEC of favoritism toward larger firms, and there are calls to reinstate a ‘first-to-file’ approval process. Market sentiment for XRP ETF approval remains strong, with analysts and Polymarket bettors expecting a decision as early as July 2025 or by the end of the year. For crypto traders, BlackRock’s potential entry is seen as a major catalyst that could lead to significant price movements for XRP upon any official announcement. Traders should closely monitor both regulatory updates and market reactions as the altcoin ETF landscape rapidly evolves.