BlackRock CEO Larry Fink declined to comment on the XRP ETF

BlackRock CEO Larry Fink declined to comment on the XRP ETF

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by Max Nevskyi

3 years ago


In a recent interview, FOX's senior correspondent, Charles Gasparino, openly discussed the prospects of an XRP ETF with Larry Fink, prompted by the approval of a Bitcoin ETF by US regulators.

Gasparino expressed interest in BlackRock's position regarding the possible launch of an XRP ETF in the near future. It's worth noting that the company has already applied for an ETF related to Ethereum (ETH).

I can't talk about that,Larry Fink responded.

In response to Larry Fink's comment, members of the XRP community reacted positively. They don't view the statement from the CEO of BlackRock as either positive or negative but see it as food for thought, which supports optimism among XRP supporters.

As noted by Tony Edward from the Thinking Crypto podcast, Larry Fink's refusal to provide clear information was a cautious approach because a clear "yes" or "no" could have affected the XRP market's reaction.

Earlier, a top manager at Valkyrie, the company responsible for listing Bitcoin ETF, speculated about the possible appearance of an XRP ETF, citing XRP's recent rise in the Grayscale fund.

While Valkyrie's leader expressed some doubt about filing for an XRP ETF, he emphasized that such a move is possible, considering the volatile nature of financial markets.

At the same time, some key representatives of the XRP community have expressed the opinion that creating an XRP exchange-traded fund is not of particular significance. Versan Aldjara, the founder of Black Swan Capitalist, supports this view.

Recently, he stated that XRP was designed for use as a digital currency, not for integration into ETFs. In his opinion, cryptocurrency ETFs only divert attention and can be seen as a potential invitation to institutional corruption.

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