儘管XRP ETF越來越瘋狂，但貝萊德仍然保持沉默

隨著Ripple的XRP訴訟解決方案最終到達，加密社區充滿了人們對可能的XRP ETF發布的期望。

The crypto community is eagerly awaiting the launch of an XRP ETF, especially with Ripple's lawsuit finally settled. While many platforms are applying for the product, the world’s largest asset management company, BlackRock (NYSE:BLK), is silent on the matter.

加密社區正在急切地等待XRP ETF的推出，尤其是隨著Ripple的訴訟終於解決了。儘管許多平台正在申請該產品，但世界上最大的資產管理公司BlackRock（NYSE：BLK）對此事保持沉默。

Expert All Things XRP is detailing BlackRock’s vision and possible reasons behind its silence in a series of X posts. Let’s read through the key points that shed light on the asset manager’s strategic approach to crypto investments.

XRP的專家All Thick在一系列X帖子中詳細介紹了BlackRock的願景和其沉默背後的可能原因。讓我們閱讀闡明資產經理對加密投資的戰略方法的關鍵點。

BlackRock's silence on XRP ETF sparks attention

貝萊德在XRP ETF上的沉默引發了人們的注意

Despite the growing frenzy over XRP exchange-traded funds, the world’s largest asset management company, BlackRock, remains silent, sparking significant attention.

儘管對XRP交易所交易的資金的瘋狂越來越瘋狂，但全球最大的資產管理公司貝萊德仍然保持沉默，引發了極大的關注。

Expert All Things XRP, known for deciphering the intricacies of the crypto market, has shared insights into why BlackRock is holding back from applying for an XRP ETF, despite its successful applications for Bitcoin and Ethereum ETFs.

專家萬物XRP以破譯加密市場的複雜性而聞名，它已經分享了貝萊德為何拒絕申請XRP ETF的見解，儘管它成功地應用了比特幣和以太坊ETF。

Highlighting several factors, the expert explained that the asset manager’s focus on Bitcoin and Ethereum is one of the main reasons to shy away from XRP.

專家解釋說，強調了幾個因素，資產經理對比特幣和以太坊的關注是迴避XRP的主要原因之一。

BlackRock is currently riding the wave of success with Bitcoin and Ethereum. iShares Bitcoin Trust boasts over $30 billion in Assets Under Management (AUM), and BlackRock’s ETH ETF has reached $1 billion in AUM in just two months.

貝萊德目前正在用比特幣和以太坊的成功浪潮。 iShares比特幣信託擁有超過300億美元的管理資產（AUM），而BlackRock的ETH ETF在短短兩個月內就達到了AUM 10億美元。

In light of this success, the platform is cautiously exploring other altcoins to mitigate potential risks.

鑑於這一成功，該平台正在謹慎探索其他山寨幣，以減輕潛在的風險。

Moreover, XRP may not meet BlackRock’s internal thresholds for demand, liquidity, and legal clarity. According to the company’s ETF executives, only Bitcoin and Ethereum currently meet these requirements.

此外，XRP可能不符合貝萊德的內部閾值，以提高需求，流動性和法律清晰度。根據公司的ETF高管，目前只有比特幣和以太坊符合這些要求。

Regulatory concerns are also a factor, as noted by the expert. Although both Ripple and the SEC dropped their appeals in the XRP lawsuit, the case is not officially over, and the label of “security” still lingers around. This uncertainty may deter the investment giant from applying for an XRP ETF.

正如專家指出的那樣，監管問題也是一個因素。儘管Ripple和SEC都在XRP訴訟中放棄了上訴，但此案尚未正式結束，“安全”的標籤仍然徘徊。這種不確定性可能會阻止投資巨頭申請XRP ETF。

Recently, All Things XRP shared insights on CEO Brad Garlinghouse's crucial role in Ripple's growth.

最近，XRP對首席執行官布拉德·加林豪斯（Brad Garlinghouse）在Ripple增長中的關鍵作用分享了見解。

Who will launch the first XRP ETF?

誰將啟動第一個XRP ETF？

Interestingly, BlackRock is adopting a wait-and-see approach. The expert noted that competitors like Grayscale and Franklin Templeton will likely apply first, allowing them to face the possible regulatory hurdles.

有趣的是，貝萊德正在採用一種拭目以待。專家指出，像Grayscale和Franklin Templeton這樣的競爭對手可能會首先適用，從而使他們能夠面對可能的監管障礙。

However, once one of these platforms launches an ETF, the door will open for BlackRock to easily apply for its own product. This approach will also allow BlackRock to gauge institutional appetite for XRP products and assess the risk landscape.

但是，一旦這些平台之一啟動了ETF，門將為BlackRock打開，以輕鬆申請自己的產品。這種方法還將允許貝萊德評估XRP產品的機構食慾並評估風險格局。

Whoever takes the lead, an XRP ETF launch is poised for a significant price surge in the Ripple coin.

無論誰領先，XRP ETF的推出都可以在Ripple硬幣的價格上漲。

In addition, the asset manager’s fake XRP ETF filing in 2023 has further strengthened their cautious stance. Previously, the filing went viral and sparked ambiguity within the crypto market.

此外，資產經理在2023年提交的假XRP ETF申請進一步加強了他們謹慎的立場。此前，該文件傳播開來，並在加密貨幣市場中引發了歧義。

BlackRock had to publicly deny involvement, which could damage their reputation. This incident might have made them cautious about pursuing an XRP ETF, at least for now, as they may want to avoid similar PR issues.

貝萊德必須公開否認參與，這可能會損害其聲譽。至少目前，這一事件可能使他們謹慎地追求XRP ETF，因為他們可能想避免使用類似的公關問題。

Will BlackRock Launch an XRP ETF?

BlackRock會推出XRP ETF嗎？

Additional factors like lack of demand and XRP’s relatively small market share have also contributed to the asset manager’s decision. However, the investment firm is expected to push for an XRP ETF in the future after tackling all the possible hurdles.

諸如缺乏需求和XRP相對較小的市場份額之類的其他因素也有助於資產經理的決定。但是，在解決所有可能的障礙之後，預計該投資公司將來會推動XRP ETF。

BlackRock is known for launching products at the right moment, when the odds are in their favor. The strategic move is expected when XRP meets complete regulatory clarity and market stability.

貝萊德（Blackrock）以在適當的時刻發射產品而聞名，當時賠率對其有利。當XRP符合完全的監管清晰度和市場穩定性時，這一戰略性舉動是可以的。

As per All Things XRP, BlackRock is envisioning dominating the space. The expert cited, “But if and when they do, it’ll be to dominate the space — not just participate.”

根據XRP的所有事物，BlackRock正在設想主導空間。專家引用：“但是，如果他們何時進行，那將是主導空間，而不僅僅是參與。”