BlackRock has no immediate plans for an XRP ETF, despite its foray into bitcoin and ether ETFs. The statement follows the SEC and Ripple Labs ending their legal battle, leaving investors wondering why BlackRock remains on the sidelines. Other asset managers have filed for XRP ETFs, but BlackRock’s absence is notable.

BlackRock cites limited client interest in cryptocurrencies beyond BTC and ETH, with a focus on regulatory uncertainty as well. Competitors have filed for XRP ETFs, but BlackRock may be waiting for clearer SEC guidelines. The XRP community anticipates a price surge, but BlackRock’s data-driven strategy may not align with those expectations.

BlackRock’s cautious approach contrasts with competitors like ProShares, who filed for XRP ETFs in January 2025. The firm may see diminishing returns in pursuing an XRP ETF due to a crowded field. The XRP community’s expectations of a price surge may not align with BlackRock’s strategy, based on data from Polymarket.

BlackRock’s global perspective prioritizes markets where XRP demand is less pronounced, particularly in Asia. While the XRP community anticipates a spot ETF driving demand, much of XRP’s trading volume comes from Asia. At press time, XRP was trading around $3.1852, down 3.92% in the past 24 hours, according to CoinDesk Data.

Read more at Yahoo Finance: Five Possible Reasons Behind BlackRock’s Hesitation to File for One