CandleFocus Here is the Latest Update on Blackrock XRP ETF
2024-12-14
Author: Content Editor
BlackRock has denied rumors that it plans to launch an XRP ETF, with the company's Head of ETF Department, Jay Jacobs, stating that they are currently focused on their Bitcoin and Ethereum ETFs. While several asset managers have submitted applications for XRP ETFs to the SEC, BlackRock has no immediate plans to introduce a similar product for altcoins. XRP enthusiasts are hopeful that at least one XRP ETF will be approved by the U.S. SEC next year, bolstered by the support of President Trump and the appointment of a pro-crypto SEC chairman. However, it remains uncertain whether an XRP ETF will gain regulatory approval.
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