A tweet from widely followed crypto commentator Altcoin Gordon sparked renewed speculation about BlackRock’s involvement in XRP

Crypto community members on X are speculating about an alleged lunch conversation that could have "some HUGE news" implications for XRP.

The rumors began after widely followed crypto commentator Altcoin Gordon shared a snippet of his conversation with a friend "high up at BlackRock."

According to Gordon, the friend revealed that ultra-wealthy clients at BlackRock are increasingly asking for more exposure to crypto, specifically mentioning XRP.

"We had lunch today and I asked him what’s new. He said ‘lots of HNW clients are asking for more crypto exposure (50mil networth plus).’ Also some HUGE news regarding XRP could be coming soon as a result of this. More on this in my commentary," the post reads.

Some members of the XRP community responded with claims that BlackRock’s involvement in XRP is a common topic of conversation.

"The rumor mill has been churning about BlackRock’s interest in XRP for ages. Personally, I’m more interested in factual updates on institutional outlooks and less in 'huge news' discussions," one user wrote.

Another added, "I’m surprised they’re still discussing this in August. Personally, I’m more focused on what we can confirm. Maybe an update on Grayscale’s case or ETF applications would be welcome over rumors."

Other commentators pushed back against the claims.

"I’m pretty sure that’s false. If you listen to BlackRock's public statements, they've shown interest in XRP. No need for lunch conversations to deduce this. Let's stick to focusing on verifiable data and less on rumors of ‘huge news’," one wrote.

The post comes amid deep anticipation among the XRP community for BlackRock’s involvement in the coin.

Despite most major asset managers applying for Bitcoin ETFs in the U.S., none have yet received approval. However, in July, the SEC approved spot ETFs for Bitcoin and Ethereum from firms like Franklin Templeton and Invictus.

Among the approved ETFs, the one from asset management giant BlackRock is the most anticipated due to hopes that its ETF could attract the biggest investments for XRP.

In perspective, BlackRock’s Bitcoin spot ETF has so far seen investments of $44.25 billion, while Franklin Templeton’s has seen only $250 million after over one year of trading.

Likewise, BlackRock’s Ethereum spot ETF has seen $4.2 billion since its inception, while Franklin Templeton’s has only $36.5 million.

Given this landslide gap, some believe the only ETF that would truly matter for XRP is BlackRock’s. Interestingly, industry commentators like ETFStore President Nate Geraci have suggested that BlackRock will eventually join the race.

According to him, the firm would fight to dominate the XRP ETF space, not giving rivals a chance.

Regarding when this could happen, some suggest it may occur when the SEC and Ripple reach a full settlement in their case. Right now, both parties are negotiating the terms.