TechFlow, August 9 — According to The Block, on August 9, BlackRock, the world's largest asset management firm, explicitly stated it currently has no plans to apply for an XRP or SOL ETF. This statement comes after the conclusion of Ripple's years-long litigation with the U.S. Securities and Exchange Commission (SEC).
Although market speculation previously suggested that the resolution of the Ripple case might encourage major institutions to file for XRP ETFs, a BlackRock spokesperson confirmed to media outlets that the company will continue focusing on its existing Bitcoin and Ethereum ETF offerings. Currently, several firms including ProShares and 21Shares have already submitted XRP ETF applications to the SEC.
Add to Favorites
Share to Social Media
