BlackRock considering XRP ETF pending SEC case resolution, potential approval, and market impact.

BlackRock could consider launching a cryptocurrency exchange-traded fund involving XRP if the SEC case against Ripple concludes. Ripple CEO Brad Garlinghouse announced dropping the cross-appeal, signaling a potential end to the legal battle. The SEC initially sued Ripple for unregistered securities sales, but has shifted its stance towards the cryptocurrency market.

Although BlackRock has not yet applied for an XRP ETF, several other issuers await SEC approval. Analysts predict an 85% chance of approval for these applications, with betting odds at 80%. Despite expectations, approvals may not come before the October deadline. If approved, XRP ETFs could attract millions in inflows in the first week and billions in the first year.

Northstake estimates $400 million to $800 million could flow into XRP ETFs in the first week, with JPMorgan analysts projecting $4 billion to $8 billion in the first year. The resolution of the SEC case against Ripple could pave the way for BlackRock to enter the spot XRP ETF market, potentially changing the landscape of cryptocurrency investments. 1. The FDA has approved the first new Alzheimer’s drug in nearly 20 years, despite conflicting evidence on its effectiveness. Aducanumab, marketed as Aduhelm, is said to target the underlying cause of the disease, but its high price and uncertain benefits have raised concerns among experts.

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Read more at Yahoo Finance: BlackRock XRP ETF Coming? Expert Says SEC Case Resolution ‘Clears Way’