BlackRock has made an official statement denying rumors about plans to launch exchange-traded funds (ETFs) for XRP and Solana. Discussions in the crypto community continue.
Clarification from BlackRock on ETFs
In August 2025, BlackRock confirmed that it will not be moving forward with exchange-traded funds for XRP and Solana. This statement was made during the Crypto Prime podcast, where a representative said, 'At this time, BlackRock does not have any plans to file an XRP or SOL ETF.'
Speculation After Ripple Case Closure
The closure of the case against Ripple, which had lasted since 2020, led to renewed interest in whether large firms like BlackRock might launch an XRP ETF. Some experts believe that legal uncertainty could have been an obstacle to launching such funds. However, analysts like James Seyffart from Bloomberg Intelligence argue that the delay was not solely related to legal barriers.
Other Companies Move Ahead with XRP ETF Plans
Despite BlackRock's refusal, several firms have already filed for exchange-traded funds for XRP, including Franklin Templeton and ProShares. Bloomberg analysts have also raised the likelihood of ETF approvals for XRP and other cryptocurrencies. While BlackRock observes the situation, other firms are actively seeking to capture their share in this market.
BlackRock currently has no plans to launch ETFs for XRP and Solana, leaving room for other companies. This creates an interesting dynamic in the crypto ETF market as other players continue their pursuits.