Overview
- A BlackRock spokesperson told The Block it has no current roadmap or filings for spot ETFs linked to XRP or Solana
- The firm’s clarification followed Ripple and the U.S. Securities and Exchange Commission dropping appeals and concluding a five-year legal battle
- Chief Investment Officer Samara Cohen and Head of Digital Assets Robert Mitchnick said institutions show little interest in crypto ETFs beyond Bitcoin and Ethereum
- Analysts including Nate Geraci and Eric Balchunas warn competitors could seize opportunities to file XRP and Solana ETFs ahead of an October 2025 deadline
- Investors remain split over whether XRP’s enduring market presence justifies an ETF despite BlackRock’s narrow institutional focus