Blackrock, the world’s largest asset manager, sparked intense market speculation this week over a potential spot XRP ETF filing. In a statement to Bitcoin.com News, a Blackrock spokesperson clarified: “I can confirm on background that at this time we have no plans to file an XRP ETF.” The clarification tempered immediate hype but did not fully dispel optimism among traders and analysts.
Blackrock’s Denial and Market Buzz
Nate Geraci, president of Novadius Wealth Management, had earlier fueled expectations by stating on X: “I think Blackrock was waiting to see this before filing for Ishares XRP ETF… I’ll own it if I’m wrong. IMO, makes zero sense for them to ignore crypto assets beyond BTC & ETH.” After Blackrock’s denial, Geraci admitted his prediction might be premature but called it a potential mistake. Lawyer Bill Morgan noted Blackrock’s historical pivot on Bitcoin, suggesting eventual change is possible.
Prediction Markets and Institutional Momentum
Despite Blackrock’s stance, Polymarket odds for a spot XRP ETF approval in 2025 have remained elevated, reaching as high as 98%. Traders point to the resolution of the SEC v. Ripple lawsuit—both parties withdrew appeals—as a key catalyst. Additionally, growing corporate adoption of XRP for treasury management strengthens the case for an institutional product.
What Lies Ahead for XRP ETF
Analysts suggest that Blackrock’s current position may not be final. If competitors like Fidelity or Invesco file first, Blackrock might follow to avoid losing market share. A more crypto-friendly SEC under new leadership could also accelerate approvals. However, the firm’s denial underscores that regulatory clarity remains a prerequisite. The next few months will be critical as the industry watches for further filings and regulatory signals.