BlackRock Remains Skeptical of XRP and Solana ETFs Despite Ripple’s Legal Victory

Despite Ripple’s recent legal victory over the SEC, BlackRock has announced its refusal to launch spot ETFs for XRP or Solana. This decision, based on a lack of client demand and internal standards focusing on Bitcoin and Ethereum, dampens hopes that the resolution will lead to broader altcoin products. BlackRock previously launched spot Bitcoin and Ethereum ETFs, which have drawn billions in assets. This announcement contrasts with initial optimism following Ripple’s court victory, where many hoped for increased institutional interest in XRP and Solana.