After the SEC approved Bitcoin and Ethereum spot ETFs in 2024, a wave of applications followed for other altcoins. While analysts see Solana (SOL) and XRP as likely candidates for approval, BlackRock, the world’s largest asset management firm, is taking a cautious approach to the XRP ETF application. While many expect BlackRock to apply for an XRP ETF, an expert has offered insight into their hesitation. 
The analyst, who goes by the pseudonym All Things XRP, points to several factors contributing to BlackRock’s delay: **regulatory concerns, market dynamics, and strategic considerations.** According to this expert, BlackRock is prioritizing its established track record with Bitcoin and Ethereum ETFs. Their focus on these major cryptocurrencies stems from a desire to minimize risk and capitalize on current success. 
**BlackRock’s cautious stance towards XRP is also driven by the lingering regulatory uncertainty surrounding the SEC v. Ripple case.** Although both parties have withdrawn objections, the case remains pending and carries security risks. This uncertainty hinders BlackRock’s decision to proceed with an XRP ETF application. 
BlackRock’s strategy involves waiting for competitors like Grayscale and Franklin Templeton to tackle potential regulatory hurdles first. By doing so, they can gauge the institutional appetite for XRP and adjust risk management accordingly.** 
**BlackRock is known for launching products strategically. This approach ensures success when opportunities arise.** According to the expert, BlackRock could launch an XRP ETF once all challenges are resolved. *This article does not constitute investment advice.*