Speculations around a possible XRP ETF continue to grow. Despite recent statements from BlackRock indicating that the company has no plans to launch such a product, analysts remain optimistic.
BlackRock's Statements on XRP ETF
According to sources, BlackRock has officially stated that they currently have no plans to launch an XRP ETF. ETF analyst and ETF Store President Nate Geraci noted that while there are no plans right now, the future may hold the emergence of XRP and Solana ETFs.
Analysis of XRP Following SEC's Decision
A recent court ruling in the Ripple vs. SEC case has provided clarity on XRP's legal status. The court found that sales of XRP to institutional investors violated securities laws, while retail sales did not.
Potential Consequences of XRP ETF
If BlackRock ever approves an XRP ETF, it could provide institutional investors with regulated access to the asset without using crypto exchanges. This may potentially increase liquidity and simplify the integration of XRP into payment networks.
Despite recent refusals from BlackRock to create an XRP ETF, analysts remain optimistic about the potential of this instrument in the future. Ongoing clarity in XRP's legal status may influence decisions by large investment firms.
