“BlackRock’s Stance on XRP: Current Status and Future Plans”
As of December 2024, BlackRock, the world’s largest asset manager, has no immediate plans to launch an exchange-traded fund (ETF) based on XRP or any other altcoins.
Jay Jacobs, head of BlackRock’s ETF department, stated that the company’s current focus is on expanding the reach of its Bitcoin and Ethereum ETFs, which have only reached a limited audience so far
In November 2024, a false filing emerged, purportedly from BlackRock, seeking permission to launch an iShares XRP Trust.
BlackRock promptly refuted these rumors, clarifying that the filing was not legitimate
While BlackRock is not pursuing an XRP ETF at this time, other asset managers have shown interest
For instance, WisdomTree submitted a filing for a spot XRP ETF in late November 2024, joining others like Bitwise, 21Shares, and Canary Capital, who have made similar filings earlier in the year
It’s worth noting that U.S. regulators, particularly the Securities and Exchange Commission (SEC), are expected to consider approving ETFs for cryptocurrencies like Solana (SOL) and XRP by the end of next year.