BlackRock continues to focus on Bitcoin and Ethereum in its investment strategies. Consider the current trends and the lack of support for XRP.
BlackRock's Approach to Cryptocurrencies
BlackRock primarily pays attention to Bitcoin and Ethereum, while there are no official plans for an XRP ETF. CEO Larry Fink described Bitcoin as a "quality asset" but did not mention XRP, raising uncertainty about its future in the company's portfolio.
No XRP ETF
BlackRock has launched a Bitcoin ETF (IBIT), which is gaining support from institutional investors, whereas XRP has neither filed applications nor given preliminary indications of receiving similar treatment. Company representatives confirmed that there are no current plans to include altcoins.
Regulatory Requirements and XRP's Future
BlackRock's strategy favors assets with clear regulatory standing. Due to the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission, XRP remains outside the company’s approved digital asset framework. BlackRock executives emphasize that their crypto focus is limited to regulated assets.
Thus, the lack of filings, public statements, or regulatory guidance casts doubt on the prospect of launching an XRP ETF by BlackRock in the near future.
