Is BlackRock Filing for an XRP ETF? Here’s What We Know
Speculation is brewing again in the crypto community as social media posts hint at BlackRock potentially pushing the SEC to approve a spot XRP ETF before July. But despite the online buzz, there’s still no official confirmation, leaving many to question whether this is fact or fiction.
The rumor was sparked by crypto influencer Steph on X (formerly Twitter), following reports that BlackRock had engaged in discussions with the SEC’s crypto task force back in May. These talks reportedly revolved around ETF standards and the broader crypto ETF landscape—but there was no direct mention of XRP.
A letter from the meeting confirmed its interest in exploring new ETF models, but again, XRP was absent from the conversation. So far, it has only launched ETFs tied to Bitcoin (BTC) and Ethereum (ETH), both of which gained SEC approval in early 2024 and have performed strongly.
In fact, Jay Jacobs, BlackRock’s head of ETFs, previously made it clear that the firm was focusing on BTC and ETH due to their liquidity and regulatory maturity. Meanwhile, XRP remains legally entangled, with Ripple still in an ongoing lawsuit with the SEC over alleged unregistered securities offerings.
Despite this, ETF analyst Nate Geraci of The ETF Store remains optimistic. He believes that it’s “only a matter of time” before BlackRock enters the altcoin ETF space, saying it would make “zero sense” for the asset management giant to miss out. He also highlighted the growing presence of CME-traded XRP futures, a possible stepping stone toward a spot XRP ETF.
Still, the community remains cautious. Just last year, a fake XRP Trust filing caused widespread confusion, forcing BlackRock to publicly deny any involvement with Ripple or XRP.
As it stands, there’s no formal SEC filing, no announcement from BlackRock, and no confirmed ETF in development. Until something concrete is published, the idea of a BlackRock XRP ETF remains purely speculative.
But if it does happen? Analysts suggest XRP could surge to $10, a massive 365.6% increase from its current price of $2.17. That kind of potential has the community watching closely.
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