XRP Faces Setback as BlackRock Rules Out ETF Plans!
Ripple’s XRP just hit a major roadblock. Despite recent legal victories, asset management giant BlackRock has confirmed it has no intention of launching an XRP ETF — a decision that could dampen the token’s future price potential.
The timing couldn’t be worse. XRP holders were riding high after Ripple’s partial legal win over the SEC, hoping it would open the door for institutional support. Many speculated that BlackRock might jump on board once the regulatory uncertainty cleared. But those hopes were quickly dashed.
This turn of events followed comments from Nate Geraci, president of the ETF Store, who suggested BlackRock could be waiting for Ripple’s legal issues to resolve before moving forward. That prediction didn’t pan out — BlackRock made it clear: they’re not exploring XRP-based investment products.
XRP’s Institutional Hopes Take a Hit
This isn’t just a symbolic blow. When a $10 trillion asset manager like BlackRock decides to pass on XRP, it sends a clear signal to the rest of the financial world. It’s not just about missing out on prestige — it’s about missing out on capital inflows from institutional investors.
BlackRock has been transparent about its strategy. Executives like Robert Mitchnick and Jay Jacobs have stated they’re focused solely on Bitcoin and Ethereum ETFs, citing low demand for other digital assets. Their Bitcoin and Ethereum funds have already drawn billions, and according to CIO Samara Cohen, only BTC and ETH meet BlackRock’s standards for investability and client interest.
That puts XRP in a tough spot. Without major institutional products tied to it, there’s less incentive for large investors to enter the market — keeping XRP boxed in as just another altcoin.
Where Does XRP Go From Here?
Many in the crypto community had pinned their hopes on an XRP ETF as a potential trigger for a big price surge, just like what Bitcoin and Ethereum experienced. Now, with BlackRock out of the picture, that catalyst has evaporated.
It’s still possible that other firms could file for XRP-based ETFs, especially now that Ripple has some regulatory clarity. But in the ETF world, BlackRock’s stance carries a lot of weight — and others often follow their lead.
ETF analyst Eric Balchunas agrees, saying he doesn’t expect any index-based crypto ETFs featuring XRP this year due to limited demand and diminishing returns.
The irony is hard to miss: Ripple’s long-awaited legal clarity was supposed to open the floodgates. Instead, it’s a reminder that regulation is just one piece of the puzzle — market demand and institutional backing are equally critical.
For now, XRP investors may need to look beyond ETFs for the next big move.
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