BlackRock, the world's largest asset manager, continues to have no plans to launch a spot XRP ETF, maintaining its focus on Bitcoin and Ethereum ETFs. Despite Ripple's lawsuit resolution, BlackRock's criteria—especially client demand and market maturity—are not met by XRP. Meanwhile, seven other US issuers have launched spot XRP ETFs holding about $1.77 billion in assets, representing 1.9% of XRP's circulating supply. BlackRock's absence is seen as a bearish signal by some analysts, but growth in rival XRP ETFs could influence future decisions.
BlackRock's stance on XRP ETFs provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Oct 06, 2026 16:42 WIB: Of 50 major cryptocurrencies priced on Pluang, 12 rose and 36 fell today. THETA rose 2.83% to Rp4.220 with a typical hold time of 77 days and 100% sell order activity. KSM and EGLD both fell around 2.7%, with typical hold times of 80 and 85 days respectively, and sell order activity at 89%.
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