BlackRock Rejects Ripple (XRP) ETF, What’s the Reason?

Jakarta, Pintu News – Following the end of the legal battle between Ripple (XRP) and the US Securities and Exchange Commission (SEC), many speculations have arisen regarding the next big move for the Ripple (XRP) ETF.

However, BlackRock, the world’s largest asset manager, has made the surprising decision of stating it will not be filing a Ripple (XRP) or Solana (SOL) ETF.

Check out the full information in this article!

Ripple (XRP) Legal Conclusion and BlackRock Reaction

Although the legal case between Ripple (XRP) and the SEC has officially ended, BlackRock announced that it will not apply for a Ripple (XRP) or Solana (SOL) ETF.

This decision was announced after both parties agreed to end the appeal last Thursday, bringing to a close a case that has been ongoing since 2020. This decision came as a surprise to many industry observers who had previously speculated that BlackRock might wait for legal clarity before filing a Ripple (XRP) ETF.

An official statement from BlackRock suggests that it is satisfied with its existing Bitcoin (BTC) and Ethereum (ETH) ETFs. Nate Geraci, president of NovaDius Wealth, criticized BlackRock’s limited focus on Bitcoin (BTC) and Ethereum (ETH), warning that BlackRock risks losing market share as the crypto ETF sector continues to expand.

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Market Reaction and Opportunity Analysis

Post BlackRock’s announcement, the price of Ripple (XRP) saw a significant rise, reaching $3.28 with a 7.31% gain in 24 hours and a trading volume of over $13 billion. This momentum was fueled by the settlement of the case with the SEC, which paved the way for new investment opportunities.

Despite BlackRock’s decision not to get involved, Bloomberg analysts estimate the chances of Ripple (XRP) ETF approval by other asset managers at 95% this year.

On the other hand, decentralized event trading platform, Polymarket, gives an 82% chance that a Ripple (XRP) ETF will be launched before the end of the year. This shows that even if BlackRock chooses not to participate, the market remains optimistic about the potential of a Ripple (XRP) ETF.

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Competition in the Crypto ETF Market

While BlackRock chose to hold back, several other asset managers such as Grayscale, 21Shares, and Bitwise have applied for a Ripple (XRP) ETF. This decision shows that despite regulatory concerns, interest in Ripple (XRP) based products remains high.

Criticism of BlackRock’s decision also reflects concerns that they may be missing an opportunity to lead the way in financial innovation. Asian markets, in particular, have shown greater interest in Ripple (XRP) and Litecoin (LTC) recently.

This shows that investor needs and preferences can vary significantly across different markets, encouraging other asset managers to consider opportunities that BlackRock may have missed.

Conclusion

While BlackRock’s decision may disappoint some Ripple (XRP) fans, the crypto ETF market continues to grow with new opportunities. Another asset manager’s decision to move forward with a Ripple (XRP) ETF filing shows confidence in the future of this crypto asset, regardless of BlackRock’s decision. With or without BlackRock, it seems that Ripple (XRP) will continue to be an important part of the crypto investment narrative.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. BlackRock Expected to Enter XRP ETF Arena After Ripple’s Legal Win. Accessed on August 11, 2025
• CoinGape. BlackRock Rules Out XRP ETF Filing Despite Ripple Lawsuit End. Accessed on August 11, 2025
• Featured Image: Cryptoslate