Recent announcements from BlackRock regarding their decision not to pursue ETFs on XRP and Solana have stirred discussions within the cryptocurrency community. This comes after Ripple's successful legal battle with the SEC.
Speculation and BlackRock's ETF Plans
Market analyst Nate Geraci previously suggested that BlackRock might be preparing to launch an ETF on XRP, stating that "it makes zero sense" for the firm to limit itself to Bitcoin and Ethereum.
Market Expectations Following Ripple's Decision
BlackRock also confirmed it will not pursue a similar product for Solana. Despite this, Geraci estimates a 95 percent chance of XRP spot ETF approval, while Polymarket suggests a more cautious investor sentiment.
Conclusion of Ripple's Legal Troubles
Ripple's legal victory against the SEC, leading both parties to withdraw their appeals, heightened interest in the ETF possibilities. Nevertheless, BlackRock's recent statement has ended the latest wave of speculation, while other asset managers continue their efforts.
BlackRock's announcement signifies the company’s clear stance on not participating in immediate efforts to launch XRP or Solana ETFs, yet the ongoing legal clarity and interest from competing asset managers suggest that discussions around these products will continue.
