BlackRock Remains Cautious: Why the World’s Largest Asset Manager hasn’t Filed for an XRP ETF

The world’s largest asset manager, BlackRock, with a staggering $11.6 trillion under management, has yet to file for an XRP exchange-traded fund (ETF). This decision stands out as other financial institutions are accelerating their involvement in XRP-backed ETFs. BlackRock’s focus remains predominantly on Bitcoin and Ethereum funds, which have demonstrated robust performance, achieving over $30 billion in assets under management for the iShares Bitcoin Trust and a significant milestone of one billion dollars for its Ethereum ETF in just sixty days. The company appears content with its existing crypto portfolio given strong customer interest.