Is BlackRock Next To File For XRP ETF After Grayscale? Here’s All
The post Is BlackRock Next To File For XRP ETF After Grayscale? Here’s All appeared on BitcoinEthereumNews.com.
Grayscale’s recent XRP ETF filing with the NYSE has triggered a wave of speculation in the crypto community. With multiple asset managers entering the ETF race for Ripple’s native crypto, many are now eyeing BlackRock as the next potential player to follow suit. Adding to the buzz, FOX journalist Eleanor Terrett hinted at more filings soon, fueling investor curiosity. Grayscale XRP ETF Filing Sparks Market Optimism Grayscale has officially submitted a 19b-4 form through the NYSE to convert its existing XRP Trust into an exchange-traded fund (ETF). If approved, the ETF will be listed and traded on the New York Stock Exchange. Notably, the Trust, which was created following Judge Analisa Torres’ ruling in the Ripple vs. SEC case, currently holds $16 million in assets under management (AUM). Meanwhile, this move marks Grayscale as the latest asset manager to apply for an XRP ETF in the US. Notably, this filing comes on the heels of Grayscale’s other ETF applications, including Litecoin ETF, Solana ETF, and Grayscale Bitcoin Miners ETF. Having said that, it appears that the firm is aggressively expanding its ETF offerings, raising expectations for more filings from other big players. Is BlackRock Next To File For XRP ETF? Adding to the recent excitement, FOX journalist Eleanor Terrett shared an X post suggesting that more XRP ETF applications could surface next week. Terrett stated: “Keep an eye out for possibly more filing activity by issuers with $XRP ETF applications next week.” In addition, responding to a user’s question about BlackRock’s possible entry, Terrett said, “Issuers with XRP ETF applications.” Although this statement left room for speculation, she refuted claims of such possibilities in the next week. In other words, while she didn’t confirm BlackRock’s involvement, her words have fueled market chatter. Given BlackRock’s history of leading ETF innovations, especially…
Filed under: News - @ January 31, 2025 6:21 pm