BlackRock, the world's largest asset manager, has confirmed that there are no plans to file for XRP or SOL ETFs.
Absence of New ETF Filings
BlackRock has officially confirmed that there are no plans to submit ETF applications for the cryptocurrencies XRP and SOL. This statement, made via ChainCatcher, leaves the market anticipating new initiatives, but there are no news on fresh filings at the moment.
Impact on XRP and SOL Market
The absence of new ETF applications does not have an immediate impact on XRP and SOL, as market dynamics remain stable. Currently, assets like Bitcoin and Ethereum still dominate the market, and investor interest in XRP and SOL has not changed.
XRP Activity Amid Neutral ETF Developments
According to CoinMarketCap, XRP is currently trading at $3.31 with a market cap of $196.28 billion. Its 24-hour trading volume is $7.33 billion, reflecting a decline of 36.62%. However, XRP has shown a 12.67% increase over the past week.
Thus, BlackRock does not represent new initiatives for XRP and SOL, and the market continues to focus on existing ETF products like Bitcoin and Ethereum.
