Asset management giant BlackRock has definitively denied rumors regarding plans to launch exchange-traded funds (ETFs) tracking the price of XRP and Solana. This statement concludes months of speculation surrounding potential investments in these cryptocurrencies.
Rejection of XRP ETF
BlackRock has officially announced that it does not intend to file for exchange-traded funds that will directly track the price of XRP. This declaration has put an end to lengthy discussions among analysts and investors.
BlackRock's Stance on Solana
Additionally, the firm confirmed that it does not plan to launch an ETF for Solana. This information was also reiterated by BlackRock's Chief Information Officer, Samara Cohen.
Analysts' Opinions on Future ETFs
Nate Geraci, president at NovaDius Wealth Management, stated that this decision will be considered a mistake in hindsight. Nevertheless, Bloomberg analysts maintain a positive outlook on the chances of XRP ETF approval, estimating them at 95%. However, bettors on Polymarket appear somewhat less confident.
Thus, BlackRock's recent statements have dispelled rumors of a possible launch of XRP and Solana ETFs. Investors and analysts continue to monitor the situation, assessing potential risks and opportunities in the cryptocurrency market.
