BlackRock Hesitates to Embrace XRP ETFs: Regulatory Concerns & Market Liquidity

Despite Ripple’s recent success with its new CME futures, BlackRock remains cautious about launching a dedicated XRP exchange-traded fund (ETF). The firm cites regulatory uncertainty regarding XRP’s classification as a security or commodity and the resulting impact on ETF approvals. While a court ruled in 2023 that XRP is not a security for retail investors, the SEC has yet to align with this decision. Recent delays in ETF rulings suggest unresolved legal questions, prompting BlackRock to prioritize their existing Bitcoin and Ethereum offerings. ]