After the protracted legal battle between Ripple and the US Securities and Exchange Commission ended, an expert is optimistic that BlackRock, one of the world’s top asset managers, may soon file for an XRP (XRP) exchange-traded fund (ETF).
The conclusion of one of the cryptocurrency industry’s most significant regulatory disputes has also sparked a positive surge in XRP’s price and improved the odds of the ETF approval.
Will BlackRock File for an XRP ETF?
BeInCrypto reported that both parties dismissed their appeals on August 7. Now, industry experts are turning their attention to the implications for XRP’s future.
In a latest post on X (formerly Twitter), Nate Geraci, President of NovaDius Wealth Management, suggested that BlackRock may consider filing for an ‘iShares XRP ETF’ after the lawsuit’s closure.
“I’ll own it if I’m wrong. IMO, makes *zero* sense for them to ignore crypto assets beyond BTC and ETH,” he said.
Geraci further emphasized that for BlackRock to focus solely on Bitcoin and Ethereum would imply that the company believes the two largest cryptocurrencies are the only ones with value.
However, Bloomberg’s senior ETF analyst, Eric Balchunas, disagreed with Geraci’s view.
“I just think they are happy w the two. Law of diminish returns from here on out. But again I’ve nothing to go on but my own spidey sense here,” he replied.
While views on BlackRock’s potential involvement with XRP may differ, an ETF application from the asset manager could be highly beneficial for XRP. BlackRock manages the leading Bitcoin and Ethereum ETFs, the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA). It has established itself as a key player in the cryptocurrency space.
BlackRock’s support for XRP could bring credibility and institutional backing to the digital asset, potentially increasing investor confidence and market adoption. Nevertheless, while BlackRock’s involvement would undoubtedly be positive for XRP, it’s important to note that the asset is not without other filings.
Major asset managers, including Bitwise, 21Shares, Canary Capital, Grayscale, Franklin Templeton, ProShares, WisdomTree, and others, have already filed to launch XRP ETFs. This indicates a growing interest in the asset.
End of Ripple-SEC Case Pushes XRP Price and ETF Approval Odds Up
While BlackRock may or may not file for an XRP ETF, the Ripple-SEC development has certainly increased the odds of one being approved by the end of the year. According to the latest data from Polymarket, traders have assigned a 87% probability of an XRP ETF being approved by December 2025.
The number is notable especially since the odds fell as low as 62% after SEC Commissioner Caroline Crenshaw voted against approving several crypto ETFs.
“Interesting, trades reporting how Polymarket odds of XRP ETF approval went down to 62% after the votes were disclosed, showing Crenshaw voting no, but a) she’s gonna vote no on EVERYTHING and b) it’s meaningless, she’s outnumbered = we haven’t changed our odds, still at 95%,” Balchunas stated.
Besides the approval odds, XRP’s price also saw a notable uptick. The altcoin’s value has appreciated 11.4% over the past day, marking the highest gains among the top 10 coins.
According to BeInCrypto Markets data, XRP’s trading price stood at $3.32 at the time of writing.
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