Recent comments by crypto analysts link SEC decisions regarding XRP to the interests of BlackRock, the world's largest asset manager. These statements have sparked discussions about the cryptocurrency's future and its regulatory fate.
Legal Backdrop: Ripple vs. SEC Nears Closure
Amid the long-standing legal battle between Ripple and the SEC, recent developments suggest that the case is moving toward resolution. Ripple is expected to pay a substantial fine as part of a settlement, though a federal judge has previously rejected attempts to reduce penalties or lift injunctions prematurely, emphasizing the need for a resolution that serves the public interest.
BlackRock's Position on XRP ETFs
The post mentions that BlackRock 'filed years ago' for an XRP ETF and is simply waiting for the right time to launch. However, there is no public record supporting this claim. Currently, the company remains focused on Bitcoin and Ethereum ETFs, where it already holds a dominant position in the market.
The Broader ETF Landscape
Several other issuers have filed for XRP-based ETFs, adding the cryptocurrency to the growing list of digital assets vying for exchange-traded status. However, the SEC has delayed rulings on these applications until October 2025, which prevents assumptions that any single entity, including BlackRock, has secured approval.
In conclusion, the connection between SEC's actions and BlackRock's interest in XRP remains a topic of discussion. Investors should separate facts from speculation and follow official documents and court rulings to avoid misunderstandings.
