Ripple: BlackRock Might Join XRP ETFs Race

Investors eagerly awaiting the release of an XRP ETF, is starting to become apparent. The timeline for its approval by the SEC

Investors are eagerly awaiting the release of an XRP ETF, and the timeline for its approval by the SEC, the US financial regulator, is becoming clearer, which could help investors position themselves optimally.

To date, the SEC has received at least fifteen applications for XRP Spot ETF from Grayscale, Franklin Templeton, WisdomTree, and Bitwise.

According to ETF Shop president Nate Geraci, the fate of the iShares Solana ETF, also known as the “trust,” is now in the hands of the Securities and Exchange Commission (SEC). Geraci added that BlackRock might submit its proposal for the Solana ETF at any moment. He also observes the financial behemoth dabbling in cryptocurrency index exchange-traded funds (ETFs).

The conclusion of the Securities and Exchange Commission (SEC).

The financial giant is recognized for its vast institutional holdings and is currently seeking approval for several crypto ETFs, with the Solana ETF being a primary focus. As the SEC deliberates over the fate of the iShares Solana ETF, the crypto sphere is holding its breath.

The crypto community is eagerly awaiting the approval of exchange-traded funds (ETFs) with an XRP focus and the unfolding of the legal dispute between Ripple Labs and the Securities and Exchange Commission (SEC). Both of these events are approaching a turning point, which could have a collective impact on the fate of the Ripple-based token.

The SEC has been sued by Grayscale to accept its application for a Bitcoin ETF, and the administrative law judge presiding over the case has scheduled a hearing for August 25.

If the judge rules in favor of Grayscale, it could pave the way for the approval of several other cryptocurrency ETFs, including those from Franklin Templeton, WisdomTree, and Bitwise, in addition to the single-asset bitcoin ETFs from several other companies.

Following a favorable court ruling, the Ripple token could see a shift in market value.

The analysis by Arcane Research suggests that if ETFs are allowed and institutional demand reaches the levels seen after the launch of Bitcoin futures contracts in early 2024, XRP could reach a market capitalization of $ 200 billion.

There have been rumors that the SEC is withdrawing its appeal in the Ripple case; internal debates seem to center on XRP being classified as a commodity rather than a security.

A classification like this would enable XRP to be associated with commodities like gold or oil, possibly circumventing some of the regulations that are currently in place for securities.

The agency's stance on the matter is crucial, as it could determine the fate of several pending ETF applications from various asset managers.

In its brief, Ripple now addresses the SEC’s accusations and possibly sets the stage for a decision.

In addition to the court cases, the cryptocurrency investment community is keeping a close eye on the progress of ETFs that focus on XRP.

After March 12, 2025, nine businesses, including well-known asset managers Franklin Templeton, Bitwise, ProShares, and Grayscale, submitted applications to the SEC to develop XRP ETFs.

These financial products aim to give institutional and individual investors controlled exposure to XRP, increasing its availability and potentially market liquidity.

Grayscale flings to convert its current XRP Trust into an ETF—a conscious reaction to the changing regulatory landscape and investor demand. The SEC’s position in this area is cautious but generally positive.

The current U.S. government’s overall pro-cryptocurrency stance and the agency’s acceptance of the applications have raised hopes for quick approval, even though no licenses have been issued yet.