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 Rippleâs legal brawl with the SEC-finally-and now it seems everyoneâs got their eyes on the prize. Turns out, the worldâs 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, didnât mince words: âYes, I think BlackRock was waiting to see this before filing for iShares XRP ETF.â He went full philosopher-mode, adding, âMakes zero sense for them to ignore crypto assets beyond BTC & ETH.â Translation? Either BlackRock is playing chess while others play checkers, or theyâre 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 ETFâŚ
Iâll own it if Iâm wrong.
IMO, makes *zero* sense for them to ignore crypto assets beyond btc & eth.
Otherwise, theyâre 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. Itâs almost as if people are celebrating the end of Rippleâs courtroom saga like itâs New Yearâs Eve. And why not? With appeals dismissed and peace declared (sort of), thereâs plenty to toast.
Not Everyoneâs Pouring Champagne Just Yet
For every optimist ready to pop the bubbly, thereâs an Eric Balchunas standing by with a wet blanket. Bloombergâs ETF guru isnât convinced BlackRock needs more than Bitcoin and Ethereum. âI think theyâre happy with the two,â he quipped, sounding more like your uncle who refuses to try new technology. But letâs 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, somethingâs brewing, folks.
And hereâs the kicker: If BlackRock throws its hat into the ring, it wonât just be another day in the stock market-itâll be a game-changer. Institutional approval? Check. New markets opening up? Double check. Whether you love it or hate it, one thingâs 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? đ
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2025-08-09 00:11