BlackRock Snubs XRP ETF: Is Cupid Missing the Mark? 💔

by

Well, darling, it seems BlackRock has gone all coy on us, twirling its thumb rather than racing to the altar of the XRP ETF. After months of fluttering rumors and headlines that made even the most hardened financiers blush, the giant of asset management has declared-quite indifferently-that they’re firmly sitting this dance out for now. 🥱

BlackRock’s Cold Shoulder: No XRP Love Yet

A BlackRock representative, speaking with all the enthusiasm of a wet weekend, assured The Block that there are “no plans whatsoever” to launch an XRP ETF. Which, I dare say, puts a damper on the champagne. This little declaration puts an end to the wild speculation that our dear BlackRock might join its friends-those other eight asset managers-in the queue. Just imagine, they’re content to strut about with Bitcoin and Ethereum, bobbing along like wallets filled with dry ice-cold and predictable. 🧊

Now, poor Nate Geraci, ever the prophet of price and scandal, believed that BlackRock was simply biding its time, waiting for the Ripple SEC kerfuffle to blow over before making a splash. But alas, he’s now resigned to the idea that BlackRock’s flirtation with XRP is, at least for today, as dead as a dodo-a decision he calls “zero-sense” considering the crypto cosmos beyond BTC and ETH. To him, BlackRock’s refusal looks pretty darn silly, like turning down the last canapé at a soirée. 🍸

Meanwhile, Bloomberg’s Eric Balchunas chimes in with the bravado of a betting man, asking whether the world’s biggest asset house should start contemplating ETFs for SOL or Tron. As if, darling, they’re standing at a buffet with a limited plate-how many crypto delicacies should they sample? The line, it seems, remains as blurry as a vodka bottle at happy hour.

The Market’s Whisper: Demand Whispering Louder Than BlackRock’s Silence

Geraci, ever the optimist, insists there’s a veritable hunger pang in the market for XRP ETFs-so much so that not jumping in might be BlackRock’s biggest blunder yet. With over a billion dollars swirling into XRP futures this year-sweet, sweet futures-they’re practically begging for the real thing. Demand, my dear, is the most decadent perfume in this Wild West cryptoland.

The ever-hopeful lawyer John Deaton believes our corporate behemoth will, in due course, sashay into the ETF scene-within a year, he wagers. The powers that be, especially the secateurs at the SEC, are predicted to give a thumbs-up with a striking 95% certainty, or so Bloomberg’s análisis assure us. All the while, XRP itself is lounging about at a modest $3.26-down a smidge, but still the belle of the blockchain ball.

Crypto market snapshot, darling

Read More

2025-08-11 15:19