Following statements from crypto commentator Altcoin Gordon, speculation surrounding BlackRock’s possible involvement with XRP has intensified. Gordon reported that a high-ranking BlackRock employee indicated growing interest among ultra-wealthy clients in digital assets, mentioning XRP as a key focus of attention. This claim prompted discussions about the asset’s potential for institutional backing within the crypto community. 50 million net worth individuals are now actively inquiring about cryptocurrency exposure, and Gordon hinted at significant news coming soon regarding XRP. While some view this as a positive sign for the asset’s long-term growth, others have expressed skepticism due to the lack of concrete evidence and reliance on anecdotal sources. The XRP community has been speculating for years about BlackRock potentially entering the XRP market, with many believing that any official backing from the firm would significantly impact the token’s value proposition. While other asset managers like Grayscale, Bitwise, and Franklin Templeton have submitted applications to launch XRP-based investment products in the United States, BlackRock has yet to join this arena. BlackRock’s dominance in the ETF space is viewed as a key factor influencing the potential impact of an XRP ETF. Its Bitcoin spot ETF has garnered over $44 billion in assets, while its Ethereum spot ETF boasts inflows of over $4.2 billion. In comparison, Franklin Templeton’s similar offerings have captured much smaller market shares. Experts believe that if BlackRock were to launch an XRP ETF, it would attract the most institutional capital among comparable products. Nate Geraci, President of ETFStore, suggests that BlackRock is likely to pursue an XRP ETF soon, possibly surpassing competitors in the same way it has with Bitcoin and Ethereum. While legal clarity on XRP’s classification could significantly impact future regulatory involvement from Blackrock. Legal clarity surrounding Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission could potentially pave the way for broader institutional participation in XRP.