After days of excitement following Ripple’s legal breakthrough in the United States, hopes for a potential BlackRock-backed XRP exchange-traded fund (ETF) have been officially dashed. The world’s largest asset manager confirmed that it has no intention of launching ETFs for XRP or Solana at this time – a decision that caught many in the crypto community off guard.
The clarification came just after Ripple and the U.S. Securities and Exchange Commission (SEC) agreed to drop their ongoing appeals, effectively closing a legal battle that began in 2020. Many market watchers had assumed that this regulatory clarity could open the door for major institutional players to expand into XRP-related investment products. However, BlackRock’s latest statement makes it clear that its crypto ETF strategy will remain focused on Bitcoin and Ethereum for now.
Industry analysts were quick to weigh in. Nate Geraci, president of ETF consultancy firm The ETF Store, suggested that BlackRock could be leaving the door wide open for competitors to seize market share as crypto ETFs evolve. Bloomberg Intelligence’s Eric Balchunas added that the decision raises broader questions about where the firm will draw the line – if not XRP, would Solana, Tron, or other altcoins ever make the cut?
Community sentiment was split. Some investors argued that the absence of an XRP ETF simply reflects limited demand from BlackRock’s client base, while others pointed to XRP’s long-standing presence in the top ranks of the crypto market as evidence it deserves a spot in the ETF landscape. Supporters also highlighted that XRP has outlasted numerous market cycles and regulatory headwinds, maintaining relevance while newer projects rise and fall.
For now, BlackRock’s position suggests it will prioritize products with the deepest institutional demand and regulatory certainty. Still, as the crypto ETF market remains in flux, many believe the firm’s stance could shift if market appetite for XRP or Solana grows in the coming years.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Reporter at Coindoo
Source: https://coindoo.com/no-xrp-or-solana-etf-coming-from-blackrock-firm-confirms/