The XRP community keeps a close watch on SEC delays regarding XRP ETFs, fueling speculation about potential BlackRock involvement.
Franklin Templeton Joins the Race
Despite regulatory uncertainty, Franklin Templeton has officially filed for an XRP ETF, with Coinbase Custody Trust Company handling the fund’s XRP holdings. This marks a step towards integrating XRP into traditional financial markets, proving its long-term potential. Bloomberg’s Eric Balchunas notes this is the 64th altcoin or meme-coin ETF filing awaiting SEC approval.
Analysts Weigh in on SEC’s ETF Delay
The SEC has also postponed decisions on XRP ETFs from Canary Capital and Grayscale, as well as Solana ETFs from Canary and VanEck. This suggests the regulatory body remains hesitant about crypto ETFs beyond Bitcoin and Ethereum. Analysts believe the political climate could influence this stance. Bloomberg analyst James Seyffart reassures investors that such delays are routine.
Could BlackRock Wait for the Lawsuit to Settle?
Many experts believe that BlackRock may delay filing for an XRP ETF until the Ripple lawsuit is resolved. XRP advocate Bill Morgan suggests that BlackRock sees the delays as an opportunity to file at the right moment. Once legal battles resolve, major institutions could confidently enter the XRP ETF race.
Although the SEC remains cautious, growing institutional interest suggests XRP ETF approval is a matter of 'when,' not 'if,' especially with potential BlackRock involvement.
