BlackRock Fuels Speculation on XRP ETF Amid Legal Uncertainties

BlackRock Fuels Speculation on XRP ETF Amid Legal Uncertainties



The investment management giant, BlackRock, has sparked curiosity among cryptocurrency enthusiasts with hints of potentially introducing an ETF based on XRP. Though the company has not officially announced an immediate plan to file for a spot XRP ETF, speculative buzz has grown due to suggestive remarks made by its CEO, Larry Fink, along with the firm's participation in proposals for other cryptocurrency ETFs.



The ongoing legal confrontation between the SEC and Ripple, the entity behind XRP, casts a shadow of uncertainty over the approval of such an ETF in the near future. In a notable legal development in July 2023, a judgment was passed by a judge in the SEC's lawsuit, distinguishing XRP's classification as a non-security when traded on retail exchanges, yet considering it a security in institutional transactions. This lawsuit is


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#BlackRock, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Xrp, #XRPETF

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