BlackRock XRP ETF Rumors Are Heating Up, but Is There Any Truth to Them?

Speculation is heating up across social media that BlackRock might secretly be preparing to launch an XRP ETF. Some are even throwing

A recent speculation heating up across social media claims that BlackRock (NYSE:BLK) might be secretly preparing to launch an XRP ETF, with some even throwing around wild claims about a $9 trillion investment. But how much of this is true?

Those who follow the ETF space know that BlackRock has already made headlines with its innovative iTrust Bitcoin Strategy ETF (NYSE:BTC) and iTrust Ethereum Strategy ETF (NYSE:ETHW). Both products have been an instant hit, rapidly attracting billions in inflows from investors.

Experts say these products’ success comes down to one thing: regulatory clarity. In essence, institutions like BlackRock prefer investing in assets that have the official "tick of approval" from the relevant authorities.

Currently, BlackRock holds around $39.33 billion in Bitcoin and $4.18 billion in Ethereum, showcasing its significant commitment to the two leading cryptocurrencies.

However, when it comes to XRP, the situation is very different. The token is still tied up in legal uncertainty with the SEC, which makes it a risky bet for institutions that prefer assets with no pending litigation or regulatory issues.

Despite the hype, BlackRock has not confirmed any involvement with XRP or Ripple (NYSE:PYPL). The rumored April 2025 XRP Trust filing was completely fake, and BlackRock has publicly denied it on several occasions.

Moreover, BlackRock CEO Larry Fink, who has been vocal about Bitcoin’s potential—predicting it could reach $700,000—has never commented on XRP. And his silence speaks volumes.

Earlier this year, BlackRock's head of ETFs also clarified that the company is not investing in altcoins. And those viral claims about a $9 trillion XRP investment are completely false. To be clear, that number refers to BlackRock's total assets under management, not any specific crypto asset.

Some speculate BlackRock could be indirectly involved with XRP through tokenized real-world assets or blockchain partnerships, but there’s no evidence or official filing to support this.

Now, could an XRP ETF happen in the future? Well, for now, BlackRock is focusing on Bitcoin and Ethereum, both of which have cleared regulatory hurdles. But that could change.

As noted by Nate Geraci, president of ETF Store, it’s only a matter of time before we see an XRP ETF. He believes that with the Ripple lawsuit nearing its end, the stage is set for the approval of an XRP ETF.

According to Geraci, major players like BlackRock and Fidelity will be eager to invest in the third-largest non-stablecoin by market cap.

However, there’s another perspective to consider. As Vandell from Black Swan Capitalist points out, even if BlackRock files for an XRP ETF, it’s not necessarily a win for crypto holders.

This is because native XRP offers real-world utility—from cross-border remittances and smart contracts to staking and liquidity provisioning. But an ETF will only provide price exposure, not the actual benefits of owning XRP.

Vandell adds that ETFs can be manipulated by institutions, and he urges retail investors to consider what they truly want: the real XRP utility or a Wall Street version of it.

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