XRP ETF Rumors Swirl as BlackRock Pressures SEC, Ripple Drops Cross Appeal

BlackRock is reportedly pressuring the SEC for XRP ETF approval as early as Monday. Ripple drops cross-appeal and expects the SEC to also abandon its appeal soon. XRP price spikes on ETF hype but shows a typical retracement as traders take profits. Speculation around a potential XRP exchange-traded fund has intensified following reports that BlackRock is pressuring the Securities and Exchange Commission to approve spot XRP ETFs as early as Monday. Analyst John Squire shared the rumor on X while expressing skepticism about the timeline, though he acknowledged such approval could trigger a major bullish wave for the cryptocurrency. The ETF speculation comes as Ripple’s legal battle with the SEC nears its conclusion. CEO Brad Garlinghouse recently announced that Ripple is dropping its cross-appeal while expecting the SEC to similarly abandon its appeal. This effectively closes the regulatory chapter that has clouded XRP’s status for years. Community members have engaged in detailed discussions about the precise legal requirements that must be fulfilled before XRP can qualify for institutional products like ETFs. One user outlined the necessary sequence: the S… The post XRP ETF Rumors Swirl as BlackRock Pressures SEC, Ripple Drops Cross Appeal appeared first on Coin Edition .

Source: Coin Edition