From Investing.com:

BlackRock Inc has decided to halt plans to launch an ETF based on XRP, citing regulatory uncertainties and lack of clarity on XRP’s legal status. This marks a significant shift for the firm, which had previously shown interest in the digital currency space. XRP’s price drop to around $0.50 reflects a bearish sentiment among investors, with ongoing regulatory challenges contributing to the downturn.



Read more: BlackRock shelves plans for spot XRP ETF amid regulatory challenges By Investing.com