BlackRock XRP ETF Approval Timeline Remains Uncertain

The XRP ETF approval timeline remains uncertain as BlackRock and other major asset managers wait for full regulatory clarity.

The approval timeline for XRP ETFs remains uncertain as BlackRock and other major asset managers await full regulatory clarity.

While interest in XRP ETFs is growing, the world’s largest asset manager, BlackRock, is yet to make any move toward launching an XRP ETF, despite filings from firms like Grayscale and Bitwise.

Here’s what’s holding them back—and what it means for the XRP ETF approval timeline.

BlackRock XRP ETF Delay

Market observers say BlackRock sees little incentive to rush into the XRP ETF market. The firm is already generating significant profits through its Bitcoin and Ethereum ETFs.

Its Bitcoin ETF boasts over $30 billion in assets, while its Ethereum ETF recently crossed the $1 billion mark within just two months.

Given the success of these products, BlackRock appears content to prioritize assets with higher liquidity and stronger institutional demand, leaving XRP on the backburner for now.

Bitwise CIO Matt Hougan notes that while interest in XRP is growing, it hasn’t yet reached the levels needed to prompt BlackRock’s involvement. Typically, BlackRock responds to clear, sustained institutional demand before entering a new market, and XRP hasn't crossed that threshold yet.

“We're still not seeing that level of interest in XRP to draw in an asset manager of the magnitude of BlackRock,” Hougan told Chainwire in April.”

However, smaller asset managers appear to be growing more confident with early steps like Grayscale's XRP ETF filing.

Grayscale XRP ETF Filing

The Grayscale XRP ETF filing, first reported by Bloomberg, signals growing confidence among smaller asset managers that regulatory clarity for XRP is on the horizon.

Although the SEC has yet to approve any XRP ETFs, Grayscale's move puts additional pressure on regulators to provide clear guidelines, and could potentially accelerate the overall XRP ETF approval timeline.

The SEC's stance on XRP ETFs remains uncertain, especially with the Ripple vs. SEC legal battle still ongoing.

According to FOX Business correspondent Charles Gasparino, BlackRock is likely to wait until the regulatory cloud fully clears before making any moves toward an XRP ETF.

The outcome of the Ripple lawsuit will play a critical role in determining the XRP ETF approval date and whether wider acceptance follows.

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