Will BlackRock Launch an XRP ETF? Legal Challenges Persist While Bitcoin Eyes $90k
By Bob Mason
Updated: April 21, 2025, 03:37 GMT+00:00
Speculation Surrounds Possible XRP ETF
The cryptocurrency market is buzzing with renewed speculation regarding the potential launch of an XRP exchange-traded fund (ETF) by investment management giant BlackRock. This speculation comes as legal clarity surrounding Ripple and its ongoing battle with the U.S. Securities and Exchange Commission (SEC) appears to be improving, spurring interest among investors.
Currently, several financial institutions, including 21Shares, Bitwise, and Grayscale, have submitted applications for XRP spot ETFs, but BlackRock has not yet entered this fray. Analysts are questioning whether the asset manager will bypass the opportunity for now, given its established dominance in the Bitcoin and Ethereum ETF markets. BlackRock’s Bitcoin ETF has reportedly amassed $30 billion in assets under management (AUM), while its Ethereum ETF reached $1 billion in less than two months.
Legal Landscape and Institutional Demand
Despite Ripple’s recent partial legal victory against the SEC, concerns persist regarding the classification of XRP as a security—a label that could hinder institutional participation, particularly among major players like BlackRock. An XRP investor, under the pseudonym All Things Crypto, pointed out that the uncertainty surrounding the SEC case makes many institutions hesitant.
The investor emphasized the importance of timing when it comes to ETF launches, stating, “They’ll move when the odds are stacked in their favor. Every ETF launch is about timing.” This sentiment underscores the anticipation surrounding the SEC’s appeal for a settlement, which could eliminate the prohibitive judgment against XRP sales to institutional investors.
Market Reaction to XRP Developments
As of April 20, XRP traded at approximately $2.0773, reflecting a slight decline of 0.43% amid a broader market drop. While XRP’s price experienced a weekly decrease of 1.95%, it managed to hold above the critical $2 threshold, buoyed by optimism regarding a possible resolution in pending legal issues and the future of an XRP spot ETF.
The potential for a finalized settlement in the SEC case could transform XRP’s position, possibly allowing it to reach its all-time high of $3.5505. Conversely, market pressures—including macroeconomic factors and progress on ETF approvals—will significantly influence XRP’s trajectory.
Bitcoin Maintains Positive Momentum
Meanwhile, Bitcoin (BTC) has shown signs of resilience, remaining above the crucial $85,000 mark. Market sentiment has been bolstered by speculation about renewed trade discussions between the U.S. and China, despite ongoing geopolitical tensions that could potentially fuel a global trade war.
Calls for regulatory oversight, such as Senator Cynthia Lummis’s proposed Bitcoin Act—which aims for the U.S. government to acquire one million BTC over five years—also contribute to bullish forecasts for Bitcoin. Furthermore, reports of financial services firm Charles Schwab venturing into spot crypto trading indicate a growing acceptance of cryptocurrencies in mainstream finance.
Closing Observations on Market Trends
As cryptocurrency markets evolve, investors are advised to keep a close eye on Ripple’s legal proceedings, U.S.-China trade discussions, and varying macroeconomic indicators. A favorable settlement for Ripple could lead to an uptick in XRP demand, influencing broader market sentiments for cryptocurrencies. Meanwhile, Bitcoin’s performance will likely remain intertwined with legislative developments and global economic dynamics.
For continuous updates on XRP and Bitcoin price movements, stay tuned as analysts provide their insights into market forecasts and trends.
Share this article:
