The world’s largest asset manager has yet to file for a spot XRP exchange-traded fund, but a growing body of evidence suggests the distance between BlackRock and that step is narrowing.
Discussion regarding whether BlackRock is preparing to move into XRP has picked up again, but the real reason is not coming from filings or official announcements. It is coming from recent comments on how the investment firm is talking about the next phase of crypto ETFs and the criteria it is watching closely.
BlackRock’s ETF StrategyHe explained that Bitcoin and Ethereum are where “overwhelmingly, the interest” is but added that there are pockets of interest in other digital assets. He went further to state that BlackRock continues to assess these assets as maturity, liquidity, scale and use cases develop, while maintaining a very discerning approach to what qualifies for an iShares ETF.
Does XRP Fit The iShares ETF Template?BlackRock has not yet signaled that the altcoin meets the bar required for its iShares ETF lineup, which explains the absence of a filing so far. However, XRP already ticks the box for other investment companies, as there are XRP-based spot ETFs in the US from investment firms such as Canary, Bitwise, Franklin Templeton, Grayscale, and 21Shares.
