BlackRock, the world’s largest asset manager, has no immediate plans to launch an ETF for $XRP or other cryptocurrencies, according to a recent report from Wu Blockchain. Citing Bloomberg ETF analyst Erich Balchunas, the report highlights that Jay Jacobs, BlackRock’s head of ETFs, confirmed that the company’s primary focus remains on spot Bitcoin and Ethereum ETFs, as they have yet to fully reach their customer base.
While BlackRock stays on the sidelines for XRP ETFs, U.S. regulators, including the SEC, are expected to approve XRP and SOL ETFs by the end of next year, according to Wu Blockchain. This comes after a false filing for an XRP ETF was attributed to BlackRock last month—a claim that the company promptly denied.
Meanwhile, other major asset managers, such as WisdomTree, Bitwise, 21Shares, and Canary Capital, have already submitted legitimate applications for spot XRP ETFs this year, signaling growing interest in such products within the crypto investment landscape.
