BlackRock Responds to XRP ETF Filing Rumors

Talk of a potential iShares spot XRP ETF from BlackRock reached a fever pitch on August 8 after Nate Geraci, president of The ETF Store, linked it directly to the outcome of the Ripple vs. SEC case. Posting on X just after the dismissal of both Ripple’s and the SEC’s appeals, Geraci wrote: “Yes, I think BlackRock was waiting to see this before filing for iShares XRP ETF… I’ll own it if I’m wrong.” He argued it “makes zero sense” for the asset manager to ignore crypto assets beyond Bitcoin and Ethereum, adding that such a move was “basically saying BTC and ETH are the only ones that will ever have value.” With Judge Analisa Torres’ 2023 ruling and the official closure of appeals providing legal clarity for XRP, many in the market viewed this as the perfect moment for major institutions to step in. BlackRock immediately calls me out… Says *no* plans at this time to launch spot xrp (or sol) ETF. IMO, this will be looked back on as a mistake. We shall see. via @ForTheWynn_ pic.twitter.com/9nQaA3ZYDO — Nate Geraci (@NateGeraci) August 8, 2025 BlackRock’s Swift Response The optimism was short-lived. Speaking to The Block, a BlackRock spokesperson issued a direct rebuttal: “At this time, BlackRock has no plans to file an XRP or SOL ETF.” Geraci quickly reacted to the statement, noting the speed of the company’s reply: “BlackRock immediately calls me out… There are no plans at this time to launch a spot XRP (or SOL) ETF. IMO, this will be looked back on as a mistake. We shall see.” His comments signaled that he still believes a reversal is possible, framing the denial as a strategic misstep rather than a definitive end. Industry Reaction Bloomberg ETF analyst James Seyffart also commented on the timing, posting: “A podcast this morning said BlackRock should and will likely launch XRP and SOL ETFs. Then BlackRock was immediately like ‘NOPE’ hahahaha. Gotta love it.” Geraci responded with a playful but pointed remark: “I’ll believe it when I (don’t) see it…” The exchange captured the tension between market watchers eager for broader crypto ETF offerings and issuers who remain cautious. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market Impact and Strategic Considerations Following BlackRock’s denial, XRP’s price eased as speculative momentum cooled. Analysts stressed that while the Ripple case resolution removed a major regulatory barrier, ETF issuers weigh multiple factors before filing, including liquidity depth, custody infrastructure, and sustained institutional demand. BlackRock’s measured stance mirrors the approach it took before launching its Bitcoin and Ethereum ETFs—waiting until regulatory certainty, market readiness, and client appetite aligned. For XRP, the firm appears to be signaling that those conditions are not yet in place. Why This Matters This episode underscores a key point: regulatory clarity is essential, but it is not the sole determinant of ETF approval. While Geraci believes BlackRock is missing a rare opportunity, the company is prioritizing long-term product viability over short-term hype. Looking Ahead The clearest sign of a shift in BlackRock’s position will come not from speculation, but from an SEC filing. Until that happens, the firm’s “no plans at this time” statement stands. Whether this will be remembered as a strategic oversight or prudent caution will only be decided with time. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post BlackRock Responds to XRP ETF Filing Rumors appeared first on Times Tabloid .

Source: TimesTabloid