BlackRock, one of the largest asset managers in the world, shows no interest in launching ETFs for XRP and Solana, despite the activity of other market players.
Lack of Public Moves from BlackRock
While companies like ProShares and Grayscale are applying for XRP and Solana ETFs, BlackRock avoids making public moves in this direction. This raises questions, especially given the significant investments the company has made in Bitcoin and Ethereum, which now dominate the U.S. market.
Reasons for BlackRock's Caution
Experts point to several factors influencing BlackRock's decision-making. Firstly, client demand remains focused on Bitcoin and Ethereum, reducing incentives for diversification. Secondly, the regulatory uncertainty surrounding XRP persists despite Ripple's partial legal victories.
Current State of the XRP ETF Market
Currently, at least seven asset managers are seeking approval for an XRP ETF. If regulators approve these initiatives, BlackRock may reconsider its position, but for now, its silence indicates that the company is in no hurry to chase every crypto trend.
At this point, BlackRock remains on the sidelines regarding XRP and Solana ETF efforts, waiting for clearer regulatory conditions and shifts in client demand.
