Furthermore, the injunction against Ripple is expected to be lifted at the SEC’s request, signaling the end of Ripple’s long-standing legal battle. This legal clarity has opened the door for XRP ETFs to be introduced in the market, with major firms like BlackRock and Fidelity likely to lead the charge.
BlackRock’s History of Leading ETF Innovation
BlackRock, known for its dominance in the ETF space, has a proven track record of launching successful ETFs across various asset classes, including its famous iShares line. The firm’s experience and strong market position make it a natural contender to enter the XRP ETF race. BlackRock has been at the forefront of financial innovation, especially with the increasing demand for cryptocurrency and blockchain-based products, which positions them well to capitalize on the growing interest in tokenized assets like XRP.
Ripple’s Legal Triumph Clears Path for XRP ETFs
Nate Geraci, a top ETF analyst, predicts that both BlackRock and Fidelity will soon enter the XRP ETF race following Ripple’s legal victory over the U.S. Securities and Exchange Commission (SEC). With Ripple’s case now largely dismissed and a significant reduction in fines, the road is clear for XRP-based financial products, including ETFs. Geraci believes that the approval of such products is merely “a matter of time.”
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/ripples-legal-victory-clears-the-path-for-blackrock-and-fidelity-to-join-xrp-etf-race/