BlackRock Eyes XRP ETF as Ripple’s Legal Battle Ends

Ripple has concluded its prolonged legal dispute with the U.S. Securities and Exchange Commission (SEC) by dropping its cross-appeal, signaling the end of the case. This development has led to increased optimism about the approval of an XRP exchange-traded fund (ETF), with Polymarket estimating an 86% chance of approval by 2025. Industry experts believe that BlackRock, a major asset management firm, may soon file for a spot XRP ETF, following its successful launches of Bitcoin and Ethereum ETFs . The conclusion of Ripple’s legal challenges removes a significant regulatory hurdle, potentially paving the way for such financial products. The anticipation of an XRP ETF has positively impacted XRP’s market performance, with the token’s price increasing by 3.5% following the news of the lawsuit’s resolution . Investors and institutions are showing renewed confidence in XRP, reflecting the broader market’s optimism about its future prospects.

Source: Coinpaprika