BlackRock, the world's largest asset manager, has denied rumors regarding its involvement with XRP and creation of an ETF, emphasizing its focus on Bitcoin and Ethereum.
BlackRock’s Official Position
BlackRock has garnered attention in crypto markets due to its reputation and influence. Despite speculation about launching an XRP ETF following the filing for Bitcoin and Ethereum ETFs in 2023, the company has clearly stated that it has no plans for XRP. A BlackRock spokesperson denied claims about holding significant amounts of XRP in their portfolios.
Clarifying ETF Speculation
BlackRock does not intend to file for an XRP ETF, focusing instead on assets with clearer regulatory frameworks and higher institutional demand, such as Bitcoin and Ethereum. Regulatory uncertainty continues to cloud the path for an XRP ETF, especially following the recent conclusion of the SEC case against Ripple.
BlackRock’s Crypto Strategy
BlackRock’s approach to digital assets is measured and deliberate. The company launched the iShares Bitcoin Trust and applied for an Ethereum ETF, while XRP still faces regulatory ambiguity and comparatively less institutional appetite. For BlackRock, XRP does not yet meet the criteria for inclusion in its offerings.
Rumors of BlackRock's involvement with XRP stem from unconfirmed sources and social media. Official statements from the company are clear—currently, neither XRP nor an ETF is in their plans.
