Emre Yumlu 
The world’s largest asset manager, BlackRock, has announced that it is currently focused solely on Bitcoin (BTC) and Ethereum (ETH) ETFs, with no plans to file for an ETF tied to XRP or Solana (SOL) at this time.
Rising Expectations After the Ripple Case
The conclusion of the years-long legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple has sparked fresh optimism in the crypto market. Many XRP investors believed that this development could encourage major fund managers, like BlackRock, to launch a spot XRP ETF. However, the company’s official statement has effectively shut down these expectations for now.
A BlackRock spokesperson stated, “We currently have no plans to file for an XRP or SOL ETF,” clarifying the firm’s position. The comment quickly drew attention from both altcoin investors and institutional market watchers.
Analysts Weigh In
Nate Geraci, President of the ETF Store, previously noted that once Ripple’s appeals process with the SEC is complete, entering the XRP ETF market would make strategic sense for BlackRock. In his view, ignoring digital assets beyond Bitcoin and Ethereum could be a missed opportunity in the long run.
Still, BlackRock’s current stance suggests that the firm considers only BTC and ETH as primary investable crypto assets. This raises questions about the future role of other cryptocurrencies in the ETF landscape.
The Future of Crypto ETFs
Crypto ETFs allow investors to gain exposure to digital assets without directly holding them, making them an increasingly important financial product. BlackRock’s reluctance toward XRP and SOL ETFs may signal limited diversification in the short term for this market segment. However, changes in global regulation and evolving investor demand could eventually prompt the asset manager to revisit its strategy.
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