BlackRock, the world’s largest asset manager, has recently made headlines with its filings for Bitcoin and Ethereum exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC). The company plans to use Coinbase for custody services for the Bitcoin-backed funds. This move has had a significant impact on the market, as BlackRock has a strong track record of getting its applications approved. As a result, there is optimism that the SEC will approve these ETFs, which has led to a surge in the prices of both Bitcoin and Ethereum.
In addition to the Bitcoin ETF filing, BlackRock has also shown interest in filing for an Ethereum ETF. It has registered the iShares Ethereum Trust, indicating a potential SEC filing in the near future. This news has caused the price of Ethereum to climb above $2,000, reaching close to $2,100. The market eagerly awaits the approval of these ETFs, as it could potentially bring more institutional investors into the cryptocurrency space.
However, amidst these developments, there has been speculation about whether BlackRock would file for a Ripple (XRP) ETF as well. Currently, there is no information or confirmation regarding such a filing. It is important to note that the landscape of cryptocurrency ETFs is evolving rapidly, with companies like BlackRock showing interest in various digital assets. However, one factor that may be influencing BlackRock’s decision regarding an XRP ETF is the ongoing legal battle between Ripple, the company behind XRP, and the SEC. Until this legal matter is resolved, it seems unlikely that BlackRock will file an application for an XRP ETF, and even if it does, it may wait for a favorable outcome for Ripple.
Overall, the cryptocurrency ETF space is witnessing significant interest and investment, with BlackRock leading the way in filing for Bitcoin and Ethereum ETFs. While there is no current filing for an XRP ETF by BlackRock, the evolving landscape and Ripple’s legal battle with the SEC could potentially impact any future decisions regarding XRP.
