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XRP ETF News: Why Hasn’t BlackRock Filed it Yet?
BlackRock’s impressive performance with its Bitcoin and Ethereum ETFs has left many wondering when the company will take the plunge into Ripple (XRP). As of now, there is no indication that BlackRock plans to file for an XRP ETF anytime soon. But why? There are several reasons behind their decision.
Firstly, caution after legal troubles. Although Ripple has largely resolved its legal battle with the SEC, the uncertainty surrounding XRP’s status still lingers. For a giant like BlackRock, ensuring legal clarity is crucial before making any moves. Even if the case appears to be over, the “security” label attached to XRP makes it riskier for large financial institutions.
Source: https://coinpedia.org/news/xrp-etf-news-why-hasnt-blackrock-filed-it-yet/
