Key Takeaways
- BlackRock has acknowledged it at present has no plans to supply spot ETFs for XRP or Solana.
- The asset supervisor clarified their place amid hypothesis following Bitcoin and Ethereum ETF launches.
Share this text
With Ripple closing its long-running authorized battle with the SEC, business analysts anticipate that the decision will make main fund managers extra snug providing funding merchandise tied to XRP, Ripple’s native crypto asset.
Professional-XRP customers, particularly, have been eyeing BlackRock, the asset administration large. But it surely seems BlackRock has no speedy plans to get on board.
A BlackRock spokesperson just lately advised The Block that spot XRP and Solana (SOL) ETFs aren’t on the agency’s roadmap for now.
The affirmation got here shortly after ETF Retailer President Nate Geraci advised that BlackRock would finally enter the XRP ETF market as Ripple and the SEC wrap up their appeals.
He mentioned it’s onerous to justify ignoring crypto property aside from Bitcoin and Ethereum, but when BlackRock actually stays away from different crypto ETFs, they’re primarily stating that solely BTC and ETH are price investing in.
Sure, I feel BlackRock was ready to see this earlier than submitting for iShares XRP ETF…
I’ll personal it if I’m fallacious.
IMO, makes *zero* sense for them to disregard crypto property past btc & eth.
In any other case, they’re mainly saying btc & eth are solely ones that may ever have worth. Daring. pic.twitter.com/FtBqMRFpOl
— Nate Geraci (@NateGeraci) August 8, 2025
Nonetheless, Bloomberg ETF analyst Eric Balchunas thinks BlackRock is content material with its two present ETFs, these tied to the 2 largest crypto property, and sees diminishing returns in increasing additional.
I simply assume they’re glad w the 2. Legislation of diminish returns from right here on out. However once more I’ve nothing to go on however my very own spidey sense right here.
— Eric Balchunas (@EricBalchunas) August 8, 2025
The analyst can also be uncertain that BlackRock will file for an index-based crypto ETF, which doubtlessly consists of main property like XRP, later this yr.
“Little or no” demand for different crypto ETFs: BlackRock’s executives
Robert Mitchnick, BlackRock’s Head of Digital Belongings, revealed on the Bitcoin 2024 conference that there’s ‘little or no’ shopper demand for crypto ETFs past Bitcoin and Ethereum.
Samara Cohen, BlackRock’s Chief Funding Officer of ETF and Index Investments, mentioned in an interview with Bloomberg that the agency wouldn’t launch a Solana ETF within the close to time period.
“We actually have a look at the investor’s skill to see what meets the factors, what meets the bar to be delivered in an ETF,” Cohen mentioned. “For us proper now, each between [investing] skill issues and likewise what we hear from our shoppers… Bitcoin and Ether undoubtedly meet that bar. I feel it will likely be some time earlier than we see the rest.”
Share this text
