⚈ BlackRock denies involvement with XRP, citing ongoing legal issues with the SEC and confirming that a prior XRP Trust filing was fake.
⚈ No official XRP ETF filing exists, and BlackRock remains focused on Bitcoin and Ethereum until regulatory clarity around XRP improves.
Recently, speculation has grown over whether BlackRock (NYSE: BLK) is preparing to launch a spot XRP exchange-traded fund (ETF).
Rumors intensified on May 9 after reports surfaced that the world’s largest investment manager met with the Securities and Exchange Commission (SEC), specifically its crypto task force, to discuss ETF approval standards.
According to a shared letter, BlackRock intended to explore more crypto spot ETFs. The discussion included approval frameworks under Section 6(b) of the Exchange Act and potential interim structures for ETP issuers.
If BlackRock eventually files for and receives approval for a spot XRP ETF, the move could trigger significant institutional inflows and potentially push XRP to new highs.
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