BlackRock Rules Out XRP and SOL ETF Applications Amid SEC Reviews

BlackRock confirmed it has no plans for an XRP ETF, ending months of speculation, despite industry voices predicting strong demand and potential future filings.

BTC
ETH
SOL

Summary

BlackRock stated it will not file for a spot XRP ETF, choosing to focus on Bitcoin and Ethereum ETFs. Industry figures, including NovaDius Wealth’s president and Pro-XRP lawyer John Deaton, argued that strong XRP futures inflows indicate significant demand, while Bloomberg analysts have raised questions about potential filings for SOL or Tron ETFs.

Terms & Concepts
  • XRP ETF: An ETF focused on the digital asset XRP, allowing investors exposure to its market performance without direct ownership.
  • SOL ETF: An ETF that would provide exposure to the SOL token, though BlackRock is not currently pursuing such filings.