Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Why BlackRock Still Hasn’t Filed for an XRP ETF Despite Strong Ripple Links

Why BlackRock Still Hasn’t Filed for an XRP ETF Despite Strong Ripple Links

Coinpedia2025/11/28 06:33
By:Coinpedia
Story Highlights

Speculation about a BlackRock XRP ETF is growing , especially with renewed focus on the firm’s digital asset team. Interest has increased because Robbie Mitchnick, BlackRock’s Global Head of Digital Assets, used to work at Ripple, which has led some to believe an XRP ETF could be coming.

Advertisement

BlackRock has confirmed that it has not filed for a spot XRP exchange-traded fund. Mitchnick stated that client demand has not crossed the firm’s internal threshold required to move forward with such a product.

However, many analysts question whether demand is truly the limiting factor, given XRP’s large global community and significant trading volumes.

Key reasons suggest that the delay of an XRP ETF filing is strategic. Several factors appear to be shaping BlackRock’s timing:

Although XRP received partial legal clarity in 2023 when a U.S. court ruled it was not a security in secondary sales, the asset still lacks the regulatory certainty enjoyed by Bitcoin and, to some extent, Ethereum. ETF issuers typically avoid assets that sit in legally ambiguous zones.

BlackRock evaluates potential ETFs by looking at factors like market size, liquidity, and whether the asset has a solid case for institutional investment. While XRP ranks high in market capitalization, U.S. institutional involvement is still in the early stages compared with its global retail adoption.

BlackRock usually launches products when both regulatory and market conditions are favorable, rather than rushing to beat competitors. Analysts suggest the firm may be waiting for a fully settled regulatory environment, broader institutional adoption of XRP’s cross-border systems, and a clearer federal framework for crypto. 

The structure is already in place, with leadership that has direct Ripple experience, but the timing may not be quite right yet.

  • Also Read :
  •   Grayscale Files for First US Spot Zcash ETF
  •   ,

The firm’s digital asset division is clearly aware of XRP’s utility and Ripple’s institutional partnerships . Mitchnick’s background alone confirms an internal understanding of XRP’s ecosystem.

In a 2018 research paper co-authored by Robbie Mitchnick on crypto asset valuation models, he explored frameworks that later influenced institutional digital-asset strategy. His deeper understanding of utility-driven tokens highlights why XRP remains on BlackRock’s radar even without a filing.

The delay in filing an XRP ETF doesn’t mean BlackRock isn’t interested. It likely reflects careful planning around regulations, market timing, and getting ready for a fully compliant launch. With the team, infrastructure, and Ripple experience in place, an XRP ETF is still possible, just not right away.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Report: TSMC to Raise Wafer Foundry Prices by 3% to 6% Starting January Next Year, Order Visibility Extended to 2030

According to media reports, TSMC's advanced and high-priced processes such as 2nm and 3nm have seen the largest price increases; mature and specialty processes are subject to individual negotiation based on products, capacity utilization, and customer conditions. Currently, TSMC's 8-inch fabs have a capacity utilization rate exceeding 100%, and processes below 45nm are at full capacity. The construction of AI data centers is not only driving demand for GPU and HBM, but also boosting orders for mature processes such as PMIC, MCU, and analog ICs.

华尔街见闻2026/09/23 20:36

U.S. Treasury plans to repurchase up to $6 billion in long-term bonds, 30-year yield hits highest since 2007

This is the second round of enhanced long-term bond buybacks by the Treasury, this time focusing on 20- to 30-year government bonds. After the announcement of the planned upper limit, the yield on 30-year U.S. Treasury bonds continued to rise, at one point exceeding 5.4%. In the first round of enhanced buybacks two weeks ago, the upper buyback target was also $6 billion, which was lower than some market participants had expected, and the actual buyback amounted to only $5.2 billion due to insufficient competitive bidding, according to the Treasury.

华尔街见闻2026/09/23 20:36