Here’s Why a BlackRock XRP ETF Filing Could Be Imminent After Ripple Latest Move

Digital asset researcher Anderson suggests that BlackRock could be gearing up to file for an XRP spot exchange-traded fund (ETF).

He made this suggestion while reacting to reports that BlackRock’s Director of Digital Assets, Maxwell Stein, will be speaking at the Ripple Swell conference.

The event, slated for November 4 – 5, will give attendees fresh insights from top financial institutions, including Nasdaq, BlackRock, Franklin Templeton, and BNY Mellon.

Why BlackRock May Launch XRP ETF

Notably, Nate Geraci, the president of NovaDius Wealth Management, also believes that the world’s largest asset manager will launch an XRP ETF.

In an X thread, Geraci argued that given its dominance in the Bitcoin and Ethereum ETF markets, BlackRock would not overlook two of the top-five non-stablecoin tokens: XRP and Solana.

Notably, he expects BlackRock to launch index-based crypto ETFs, covering a basket of tokens, as well as exchange-traded funds linked to individual tokens. Moreover, he stressed that BlackRock’s potential launch of an XRP ETF would be business-driven

Despite acknowledging ideological bias, claiming that “BlackRock is more bullish on Ethereum and views XRP as a scam,” he suggested that these concerns would be set aside in favor of business considerations.

Geraci added that BlackRock might “open up flanks” if it refuses to launch additional spot ETFs, particularly one tied to XRP. In his view, if BlackRock declines to offer additional ETFs to the already existing Bitcoin and Ethereum funds, then the asset manager is implicitly telling investors that BTC and ETH will be the only winners in the market.

However, he does not believe the world’s largest asset manager shares this sentiment. “If they truly believe that, then great. I suspect they don’t,” Geraci remarked.

Otherwise, the message to clients & prospective investors is…

There will only ever be two winners in crypto: btc & eth.

If they truly believe that, then great.

I suspect they don’t.

— Nate Geraci (@NateGeraci) August 1, 2025

Will BlackRock Join the XRP ETF Trend?

Since October 2024, several asset managers have applied with the SEC to launch spot XRP ETFs in the United States. At the moment, over 10 such applications from Franklin Templeton, CoinShares, and 21Shares are on the SEC’s desk awaiting approval.

However, BlackRock has not shown interest in filing for an XRP ETF. Many initially suggested that BlackRock may be hesitant due to the regulatory uncertainty from the SEC v. Ripple lawsuit.

However, the SEC and Ripple have agreed to withdraw their appeals from the Second Circuit and end this regulatory uncertainty. Despite this, BlackRock has not made a move concerning an XRP ETF.

Meanwhile, with a BlackRock crypto executive among the list of speakers at the upcoming Ripple Swell conference, optimism remains high concerning the realization of an XRP ETF from the asset manager.