BlackRock, the world's largest asset manager, is approaching the potential launch of an XRP ETF cautiously. Reasons for this include not only regulatory aspects but also the level of investor demand for the product.
BlackRock's Official Position
Recently, BlackRock addressed rumors about launching an XRP ETF by stating, "at this time, BlackRock does not have any plans to file for an XRP or SOL ETF." This wording suggests that the company continues to observe the market before making a strategic decision.
The Impact of Demand on Decision Making
For BlackRock, launching a new ETF is purely a business question rather than an ideological one. The success of Bitcoin ETFs this year illustrates how rapidly demand can translate into billions of dollars. Commentator Dom emphasizes that "if they can make money from one (and they can), they will launch one."
Competitors in the ETF Market
While BlackRock remains cautious, other asset managers, such as Bitwise and Grayscale, have already filed for XRP funds. Their performance will provide crucial insight for BlackRock into whether the market interest is strong enough for them to enter.
BlackRock is observing the XRP market, and they may decide to launch an ETF only if the demand is undeniable and assessed as high. This observation is taking place against the backdrop of active movements by competitors.
