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.
🔍 Focus on Bitcoin & Ethereum
Jay Jacobs, head of BlackRock’s ETF department, emphasized that their current priority is expanding the reach of Bitcoin and Ethereum ETFs, which have yet to achieve broad adoption.
⚠️ False Filing Incident
In November 2024, rumors surfaced regarding a filing for an iShares XRP Trust, allegedly from BlackRock. However, BlackRock promptly debunked these claims, confirming the filing was not legitimate.
🌟 Other Asset Managers Eyeing XRP
While BlackRock remains cautious, other firms are stepping into the XRP ETF arena:
WisdomTree filed for a spot XRP ETF in late November 2024.
Companies like Bitwise, 21Shares, and Canary Capital have made similar filings throughout the year.
📅 Regulatory Outlook
The SEC is expected to review and possibly approve ETFs for cryptocurrencies like Solana (SOL) and XRP by the end of 2025.
It’s a space to watch as the regulatory landscape evolves and competition heats up! 🌐📈
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