BlackRock Rules Out Plans To File For XRP ETF Despite Ripple Lawsuit End
Highlights
- BlackRock confirms no plans for XRP or Solana ETFs despite Ripple lawsuit end.
- XRP’s longevity and top-ranking positions are cited by advocates as ETF potential.
- Critics claim BlackRock would lose its leading position in the ETF market to competitors.
- Bloomberg analysts say that there is a 95% chance that the SEC will approve the pending XRP ETF applications this year.
BlackRock has stated it will not file for an XRP or Solana ETF. This announcement was made after Ripple’s prolonged legal battle with the U.S. Securities and Exchange Commission officially ended this week.
BlackRock Holds Off on XRP ETF Despite Legal Clarity
The top asset manager, which already lists Bitcoin and Ethereum ETFs, confirmed to The Block on Friday that it currently has no plans to submit applications for either product. This decision follows Thursday’s agreement between Ripple and the SEC to drop appeals, concluding a case launched in 2020.
Initially, industry observers speculated that the asset manager might have been waiting for the legal uncertainty to clear before applying for a BlackRock XRP ETF. But the firm’s statement proves that wasn’t the case.
However, Nate Geraci, president of NovaDius Wealth, criticized the asset manager’s narrow focus on Bitcoin and Ethereum. He warned that BlackRock risks ceding market share to competitors as the crypto ETF sector evolves.
BlackRock immediately calls me out…
Says *no* plans at this time to launch spot xrp (or sol) ETF.
IMO, this will be looked back on as a mistake.
We shall see.
via @ForTheWynn_ pic.twitter.com/9nQaA3ZYDO
— Nate Geraci (@NateGeraci) August 8, 2025
In his X post, Eric Balchunas of Bloomberg Intelligence questioned where the ETF expansion would stop if XRP were included. He referenced assets like Solana and Tron, questioning whether the asset manager will also file for an ETF for these other cryptocurrencies.
Geraci responded that the ETF market is a “hugely moving target” and expressed surprise that BlackRock was not actively defending its leadership position in this category.
Mixed Reactions to BlackRock’s ETF Decision
Community reactions were mixed. Community member Cam from suggested BlackRock might not see enough client demand for an XRP ETF. He noted a stronger interest in Litecoin and XRP from Asian markets recently.
Seems as if sticking with the legacy route would be the best corse of action. $LTC and $XRP for the Asian markets as a lot of demand has come in over the last few weeks. Just my thoughts on the matter. BlackRock must not be seeing enough client demand for these products
— Cam (@CryptoNews_eth) August 8, 2025
Others, such as @xrpBreezy, emphasized XRP’s longevity as a reason BlackRock could consider filing for this ETF. According to Breezy, XRPL has existed for over twice as long as Solana and Tron. Also, it has a high market ranking consistently despite regulatory challenges.
Maybe the fact that the XRPL has been live over 2X as long as both SOL and Tron. XRP has a market cap 3X Solana’s and 10X Tron’s. Maybe those things make it differentiated? Or maybe it’s XRP never leaving the top 10 by MC since it’s inception, even through 5 years of US Gov hell…
— breezy 🏴☠️ (@xrpbreezy) August 8, 2025
Meanwhile, XRP lawyer John Deaton believes that the world’s largest asset manager will still file for this ETF. He stated that he will bet money that they will for one within a year.
While BlackRock has no plans to file for an XRP ETF for now, it is worth mentioning that eight asset managers have already filed to offer this fund. The SEC is currently reviewing these funds, with the final deadline on October 17. Balchunas again doubled down on their prediction that there is a 95% chance of approval this year, although approval odds have dropped on Polymarket.
Interesting, trades reporting how Polymarket odds of XRP ETF approval went down to 62% after the votes were disclosed showing Crenshaw voting no, but a) she’s gonna vote no on EVERYTHING and b) it’s meaningless, she’s outnumbered = we haven’t changed our odds, still at 95%. https://t.co/TamMn8DHVh pic.twitter.com/Ip9G748HrU
— Eric Balchunas (@EricBalchunas) August 7, 2025
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