Blackrock made daring trips in the Bitcoin and Ether, but Friday, the asset manager said that he did not intend to immediately deposit for an XRP stock market fund (ETF)Precipitating in the hopes of the community that its entry could help extend the Rally 2025 of XRP.
This declaration – made the day after the American Commission for Securities and Exchange (SECOND) And Ripple Labs jointly asked a court of appeal to reject their respective calls, signaling the end of their legal battle for almost five years – left the investors wondering why Blackrock remains on the sidelines.
While several active managers, including Proshares, Grayscale and Bitwise, have filed XRP ETF since the end of 2024, the absence of BlackRock is notable, especially given its domination in the Bitcoin and Ether markets.
Here are five reasons why Blackrock does not seem in a hurry to launch an ETF XRP Spot, despite the anticipation by the XRP community of a prices overvoltage focused on demand.
First, BlackRock cited a limited interest in customers for cryptocurrencies beyond BTC and ETH. In March 2024, Robert Mitchnick, the manager of the digital assets of the active director, said that there was a false idea that Blackrock will have a “long tail” of other cryptography services.
“I can say that for our customers, Bitcoin is massively the goal n ° 1 and a little Ethereum,” he said in a conversation by the fireside at the first Bitcoin Day Bitcoin Day conference in New York on March 22.
Second, BlackRock’s strategic prudence around regulatory uncertainty plays a role.
Although XRP sales on public exchanges are considered non-security, the wider regulatory framework of altcoins remains troubled. Blackrock can wait for clearer dry guidelines before entering the Altcoin ETF space. The conservative approach of the company contrasts with competitors like Proshares, which filed an XRP ETF spot in January 2025 alongside LEVE ETF with leverage and based on future, the latter following XRP term contracts rather than the punctual price of the token.
Third, BlackRock can see decreasing yields in the pursuit of an ETF XRP spot given the crowded field. In August 2025, at least seven companies, including Grayscale, Franklin Templeton and 21Shares, had an ETF XRP application
Fourth, expectations of the XRP community concerning prices overvoltage cannot align with the strategy based on BlackRock data. Polymarket ratings for the SEC approving an XTP ETF in 2025 are 77%.
Finally, BlackRock’s global prospect prioritizes markets where XRP demand is less pronounced. While the XRP community, activated on platforms like X, anticipates an ETF Spot stimulating demand, a large part of the volume of trading from XRP comes from Asia, where the presence of the ETF of Blackrock is less dominant.
At the time of the press, XRP was negotiated about $ 3,1852, down 3.92% in the last 24 hours, according to Coindesk data.
