BlackRock has chosen to abstain from filing for an XRP exchange-traded fund (ETF), citing ongoing regulatory concerns and a cautious approach in turbulent market conditions. The company prioritizes measured steps when entering new markets like cryptocurrencies, preferring to tread carefully until regulatory clarity emerges. Meanwhile, Ripple CEO Brad Garlinghouse predicts potential approval of XRP ETFs by late 2025, fueled by optimism within the market despite BlackRock’s hesitance. This decision has a significant impact on investor sentiment and could affect both market perceptions and XRP’s future valuation. BlackRock’s approach mirrors previous trends where major asset managers have cautiously entered new markets, often facing regulatory delays before achieving full participation. Market analysts believe that if conditions align, XRP’s value may surge significantly, potentially exceeding past all-time highs. This belief is supported by the historical success of ETFs in boosting market valuations.