BlackRock Clarifies No Plans for XRP or SOL ETFs

ChainCatcher’s partnership with Alibaba Cloud, announced on July 16, 2025, aims to develop Web3 infrastructure, focusing on DeFi, NFT, and DAO projects in Asia.

The collaboration does not affect financial markets, with BlackRock confirming no ETF plans for XRP or SOL, limiting immediate market impacts.

BlackRock Dispels XRP and SOL ETF Rumors

BlackRock’s recent clarification concerned rumors about potential ETFs for XRP and SOL. ChainCatcher reported the firm’s firm stance against such filings, calming speculative tensions in crypto circles.

With BlackRock dispelling ETF notions, market observers noted no immediate tangible changes in investment trends for XRP or SOL. The denial appears to refocus attention on infrastructure advancements, as visibly no near-term impacts were detected.

“Our focus remains on technical advancement and support for ecosystem development, not immediate financial products.” — ChainCatcher Insights, Blockchain Research Analyst

Crypto Market Sees No Immediate Shifts Post-BlackRock Announcement

Did you know? ETF announcements in the crypto sector have historically resulted in significant market volatility, as seen with Bitcoin ETF rumors which typically influence investor sentiment.

Ethereum’s current trading price stands at $4,082.21 with a market cap of formatNumber(492760299401, 2). The 24-hour trading volume decreased by -9.30% to formatNumber(39734568373, 2). Recent data from CoinMarketCap shows Ethereum’s price increased by 60.95% over the last 90 days, highlighting significant gains.

Research by Coincu indicates a stronger focus on infrastructure development might recast financial landscapes. Persistent emphasis on foundational system growth could guide future market dynamics, balancing regulatory and technological advancements aimed at long-term sustainability.