BlackRock’s Hesitation on XRP ETF Amid Regulatory Concerns
- BlackRock is focusing on Bitcoin and Ethereum ETFs, avoiding XRP due to regulatory concerns.
- XRP does not meet BlackRock’s internal thresholds for demand, liquidity, and legal clarity.
- The unresolved status of Ripple’s lawsuit with the SEC contributes to BlackRock’s caution.
- BlackRock is waiting for competitors like Grayscale to launch their XRP ETFs first.
- A viral fake XRP ETF filing in 2023 has made BlackRock more cautious about pursuing an XRP ETF.
Despite the crypto community’s anticipation, BlackRock remains hesitant to launch an XRP ETF due to regulatory uncertainties and strategic considerations, focusing instead on Bitcoin and Ethereum.
Source (2.6)https://coingape.com/expert-reveals-why-blackrock-hasnt-pushed-for-an-xrp-etf/?rand=24432
