 
 
The conclusive end of Ripple’s nearly five-year-long lawsuit indicated the possibility for Wall Street titans such as BlackRock to file to introduce a spot XRP exchange-traded fund.
BlackRock, however, has clarified that it has no immediate plans to offer a potential XRP ETF or Solana (SOL) fund.
“At this time, BlackRock does not have any plans to file an XRP or SOL ETF,” a BlackRock representative reportedly told The Block on Friday.
The clarification came shortly after NovaDius Wealth President Nate Geraci suggested that BlackRock would eventually foray into the XRP ETF market as the Securities and Exchange Commission and Ripple have officially ended their five-year legal battle after jointly withdrawing their appeals in the XRP case. As ZyCrypto reported earlier, the Second Circuit Appeals Court recognized the filing, with both parties bearing their own legal fees.
According to Geraci, it’s hard to justify overlooking crypto assets beyond Bitcoin and Ethereum, but if BlackRock avoids issuing other crypto ETFs, they’re basically stating that only BTC and ETH are worth investing in.
 
“Otherwise, they’re basically saying btc & eth are only ones that will ever have value. Bold,” the pundit added.
Geraci noted in a follow-up post that futures-based SOL and XRP exchange-traded funds went live in March and April, respectively, and have since pulled in more than $1 billion in new investor money. While less impactful on price than a spot fund, he believes this is a sign that spot XRP and Solana ETFs, once approved, will attract “real demand.”
Asset managers, including ProShares, WisdomTree, 21Shares, Canary, and Bitwise, have all submitted paperwork with the SEC for a potential XRP ETF. In June, analysts at Bloomberg upped their odds of spot XRP, Dogecoin, and Cardano ETF approvals getting launched before the end of 2025 to 90%.
Meanwhile, Canada is a step ahead. 3iQ’s spot XRP ETFs, XRPQ and XRPQ.U, started trading on the Toronto Stock Exchange in mid-June, swiftly accumulating roughly $50 million in assets under management, the company proclaimed in a post on X.
Source: https://zycrypto.com/blackrock-says-xrp-and-sol-etfs-not-in-the-cards-despite-long-running-ripple-sec-case-officially-ending/