- BlackRock has no current plans for XRP, SOL ETFs.
- Bitcoin and Ethereum ETFs remain the focus.
- Speculation impacts XRP, SOL pricing modestly.
BlackRock has denied plans to launch spot ETFs for XRP and Solana, maintaining its current focus on Bitcoin and Ethereum despite market speculation after the Ripple v. SEC case.
The decision quenches expectations for broader ETF market expansion in XRP and SOL, affecting short-term asset prices and reflecting restrained institutional strategies in the evolving cryptocurrency sector.
BlackRock Denies Plans for XRP, SOL ETFs
BlackRock has officially denied any immediate plans to launch spot ETFs for XRP or Solana, amidst leadership stability. Following the Ripple v. SEC case conclusion, speculation surged about potential product launches from BlackRock.
The world’s largest asset manager, BlackRock, Inc., reiterated its strategy, focusing on Bitcoin and Ethereum ETFs. The company confirmed through formal channels that it would not seek ETF launches for XRP and SOL anytime soon. Larry Fink, Chairman and CEO, BlackRock, said, “At this time, BlackRock does not have any plans to file an XRP or SOL ETF.”
The announcement led to modest declines in XRP and Solana prices, with XRP slipping over 1%. This reaction followed prior optimistic sentiments from investors, anticipating regulatory clarity post-Ripple’s SEC case conclusion.
Market experts suggest BlackRock’s decision reflects current institutional interest limits in diversifying across altcoins via ETFs. Resources remain channeled towards iShares Bitcoin and Ethereum Trusts, with net inflows dominating the ETF landscape.
As XRP and SOL prices adjusted amidst speculation, the cryptocurrency community remains attentive. The absence of significant on-chain metrics following BlackRock’s announcement indicates restrained market activity in direct response.
Historically, only Bitcoin and Ethereum have BlackRock-backed active ETFs. Industry observers highlight the sequential trend in ETF launches, where regulatory clarity triggers speculation on new products. The recent move maintains status quo in ETF asset access.
