TLDR
- BlackRock confirms no plans for XRP or Solana ETFs despite Ripple’s legal victory.
- BlackRock currently offers Bitcoin and Ethereum ETFs, but excludes XRP.
- Critics warn BlackRock may lose market share to competitors in the crypto ETF sector.
- XRP’s strong market position continues to raise questions about BlackRock’s crypto strategy.
Despite the end of Ripple’s lengthy legal battle with the U.S. Securities and Exchange Commission (SEC), BlackRock has decided not to pursue a spot XRP Exchange-Traded Fund (ETF). This decision comes even after the legal uncertainty surrounding XRP cleared, leaving many within the industry wondering about the firm’s strategy for future crypto ETF offerings.
BlackRock’s Stance on XRP and Solana ETFs
BlackRock, the world’s largest asset manager, recently confirmed that it has no plans to file for an XRP or Solana ETF. The company’s decision follows the conclusion of Ripple’s legal battle with the SEC, which ended with an agreement to drop all appeals.
Many had expected that with the legal clarity, BlackRock might take the opportunity to expand its range of crypto ETFs to include XRP. However, BlackRock’s stance remains unchanged.
BlackRock immediately calls me out…
Says *no* plans at this time to launch spot xrp (or sol) ETF.
IMO, this will be looked back on as a mistake.
We shall see.
via @ForTheWynn_ pic.twitter.com/9nQaA3ZYDO
— Nate Geraci (@NateGeraci) August 8, 2025
Despite Bitcoin and Ethereum already being part of BlackRock’s crypto ETF offerings, the firm has remained cautious about diversifying into other cryptocurrencies. In a statement provided to The Block, BlackRock emphasized its current strategy, focusing on the market-leading assets like Bitcoin and Ethereum.
Criticism Over Limited Crypto ETF Offerings
This move by BlackRock has drawn criticism from various industry observers. Nate Geraci, president of NovaDius Wealth, has argued that BlackRock may risk losing its leadership in the crypto ETF market.
According to Geraci, the crypto market is evolving rapidly, and BlackRock’s narrow focus on Bitcoin and Ethereum could lead to a loss of market share to competitors who may be more willing to expand into other digital assets.
Eric Balchunas of Bloomberg Intelligence also questioned BlackRock’s decision, pointing out that if the firm were to include XRP, it would likely be expected to consider other cryptocurrencies, such as Solana or Tron. This raises concerns about whether BlackRock’s strategy of sticking only to Bitcoin and Ethereum will limit its ability to compete as the crypto space grows.
Mixed Reactions from the Crypto Community
Reactions from the crypto community have been varied. Some experts speculate that BlackRock may not see sufficient demand for an XRP ETF, especially when compared to the growing interest in other cryptocurrencies like Litecoin. A recent surge in demand from Asian markets for both Litecoin and XRP may indicate potential for these assets, yet BlackRock seems cautious.
On the other hand, some members of the community have pointed out that XRP’s longevity and consistent market performance make it a strong contender for an ETF. With XRP having been in the market for much longer than Solana or Tron, some argue that it should be considered on par with Bitcoin and Ethereum, especially given its continued strong ranking in the top 10 by market capitalization.
Despite these differing views, BlackRock’s decision not to pursue an XRP ETF comes as part of its broader strategy of cautious expansion in the cryptocurrency space. While the company has focused on Bitcoin and Ethereum, the future of its involvement with other digital assets remains uncertain.
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