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Securities and Exchange Commission (SEC) discussion with BlackRock regarding potential XRP exchange-traded fund (ETF)

BlackRock officials held discussions with the Securities and Exchange Commission to enhance the acceptance of exchange-traded funds (ETFs) focused on cryptocurrencies.

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SEC encounters with BlackRock officials aim to expedite the acceptance and usage of cryptocurrency...
SEC encounters with BlackRock officials aim to expedite the acceptance and usage of cryptocurrency ETFs.

Securities and Exchange Commission (SEC) discussion with BlackRock regarding potential XRP exchange-traded fund (ETF)

Hop on Google News to Read About BlackRock's Meetings With SEC's Crypto Task Force

On May 9, BlackRock attended a chat with the U.S. Securities and Exchange Commission's Crypto Task Force to discuss various crucial aspects shaping the future of digital assets. Topics ranged from the potential integration of staking into crypto exchange-traded products (ETPs) to the tokenization of traditional securities.

These conversations suggest a strengthening alliance between regulatory bodies and financial institutions on the crypto industry's evolution, potentially leading to more institutional involvement.

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A memo from the SEC revealed that BlackRock's meeting agenda included updates on their digital asset offerings, such as the iShares Bitcoin Trust (IBIT), the iShares Ethereum Trust (ETHA), and the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). The meeting focused on how staking might fit into the regulatory framework, particularly for ETPs that incorporate such features. The topic of tokenizing securities was also discussed, as participants delved into how these innovations could be integrated under today's securities laws.

The conversation expanded to include criteria for approving crypto-based ETPs, prospective guidelines for issuers, standards for listing options on crypto ETPs, and appropriate limits and liquidity requirements.

Is BlackRock Launching an XRP ETF?

The idea of BlackRock launching an XRP ETF remains speculative. In late 2024, Jay Jacobs, head of BlackRock's ETF division, reportedly stated that the company would focus on Bitcoin and Ethereum ETFs rather than delving into other altcoins. However, some industry experts are hopeful that BlackRock might eventually file for an XRP ETF if Ripple fully resolves its legal dispute with the SEC.

The SEC recently postponed a decision on a proposed XRP ETF submitted by Franklin Templeton. Despite the delay, the market's sentiment remains positive, with decentralized prediction platform Polymarket estimating a 78% likelihood that a spot XRP ETF will be approved by the end of 2025.

#XRPETF #BlackRock

Although speculation about a BlackRock XRP ETF persists, BlackRock has officially denied involvement in such a product, stating that a prior filing for an XRP Trust connected to BlackRock was fake, and there is currently no official application for a BlackRock XRP ETF. The primary reason BlackRock has not pursued an XRP ETF is the ongoing legal uncertainty stemming from the SEC's lawsuit against Ripple, XRP's parent company. Despite XRP being the fourth-largest cryptocurrency by market cap, BlackRock is unlikely to enter "legally unclear territory" without a final resolution to the case.

Market optimism about an XRP spot ETF approval by the SEC is growing, but BlackRock's current ETF focus is on Bitcoin and Ethereum products, not XRP. If the legal issues resolve fully, BlackRock may revisit the possibility of launching an XRP ETF due to XRP's market significance. As of May 2025, there are no concrete plans or applications from BlackRock to launch an XRP ETF.

  1. BlackRock met with the SEC's Crypto Task Force to discuss the potential integration of staking into crypto exchange-traded products (ETPs) and the tokenization of traditional securities.
  2. The conversation between BlackRock and the SEC also included criteria for approving crypto-based ETPs and standards for listing options on such ETPs.
  3. Despite speculation, BlackRock has not pursued an XRP ETF due to the ongoing legal uncertainty stemming from the SEC's lawsuit against Ripple, XRP's parent company.
  4. It is speculated that if Ripple fully resolves its legal dispute with the SEC, BlackRock might eventually file for an XRP ETF.
  5. BlackRock's current ETF focus is on Bitcoin and Ethereum products, not XRP, as Jay Jacobs, head of BlackRock's ETF division, previously stated.
  6. Market optimism about an XRP spot ETF approval by the SEC is growing, but there are currently no concrete plans or applications from BlackRock to launch an XRP ETF.
  7. The digital asset offerings discussed in BlackRock's meeting with the SEC included the iShares Bitcoin Trust (IBIT), the iShares Ethereum Trust (ETHA), and the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), among others.

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