In a world where Wall Street meets the Wild West of crypto, BlackRock might just be saddling up to ride into the XRP ETF arena. The dust has settled on Rippleās legal brawl with the SEC-finally-and now it seems everyoneās got their eyes on the prize. Turns out, the worldās biggest asset manager may have been biding its time like a poker player waiting for the perfect hand.
Nate Geraci, president of the ETF Store and unofficial prophet of finance, didnāt mince words: āYes, I think BlackRock was waiting to see this before filing for iShares XRP ETF.ā He went full philosopher-mode, adding, āMakes zero sense for them to ignore crypto assets beyond BTC & ETH.ā Translation? Either BlackRock is playing chess while others play checkers, or theyāre about to get left in the digital dust. Bold move either way.
Yes, I think BlackRock was waiting to see this before filing for iShares XRP ETFā¦
Iāll own it if Iām wrong.
IMO, makes *zero* sense for them to ignore crypto assets beyond btc & eth.
Otherwise, theyāre basically saying btc & eth are only ones that will ever have value. Bold.
– Nate Geraci (@NateGeraci) August 8, 2025
Meanwhile, XRP is doing what it does best: surging. At $3.28, it climbed 7.31% in 24 hours, racking up over $13 billion in trading volume. Itās almost as if people are celebrating the end of Rippleās courtroom saga like itās New Yearās Eve. And why not? With appeals dismissed and peace declared (sort of), thereās plenty to toast.
Not Everyoneās Pouring Champagne Just Yet
For every optimist ready to pop the bubbly, thereās an Eric Balchunas standing by with a wet blanket. Bloombergās ETF guru isnāt convinced BlackRock needs more than Bitcoin and Ethereum. āI think theyāre happy with the two,ā he quipped, sounding more like your uncle who refuses to try new technology. But letās be real-he admitted his take was more gut feeling than data-backed wisdom.
DCinvestor chimed in too, pointing out how many crypto OGs share this BTC-ETH-only mindset. Geraci fired back with a rhetorical haymaker: Does BlackRock feel the same? Cue dramatic music and popcorn munching.
While we wait for answers, seven other firms-including Grayscale, 21Shares, and Bitwise-are already lining up at the starting gate with their own XRP ETF filings. Bloomberg analysts give a 95% chance of approval this year, while traders on Polymarket put the odds at 82%. So yeah, somethingās brewing, folks.
And hereās the kicker: If BlackRock throws its hat into the ring, it wonāt just be another day in the stock market-itāll be a game-changer. Institutional approval? Check. New markets opening up? Double check. Whether you love it or hate it, one thingās clear: This could be the beginning of a very interesting chapter in crypto history. Or maybe just another reason to refresh your portfolio obsessively. Who knows? š
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2025-08-09 00:11