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BlackRock avoids XRP ETFs, focusing on Bitcoin and Ethereum amid altcoin market caution.

Market News
27 Aug 2026
UToday
View Source
Neutral
BlackRock avoids XRP ETFs, focusing on Bitcoin and Ethereum amid altcoin market caution.

BlackRock has chosen not to launch XRP or other altcoin ETFs, concentrating instead on Bitcoin and Ethereum, which it views as more liquid and profitable. Industry experts consider this a risky move, but BlackRock prefers to wait until the XRP ETF market grows to a stable $3 billion in assets before entering. The company is allowing competitors to test the altcoin ETF waters first, aiming to capitalize later with its strong brand once the market matures. For now, BlackRock continues large-scale investments in BTC and ETH, prioritizing conservative investor demand and predictable returns.

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XRP ETFs see $11.31M inflows despite XRP price drop of 7.3% last week

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Standard Chartered plans institutional crypto custody in Singapore, eyeing stablecoins like Ripple's RLUSD.

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XRP trades near $1.42, below short-term averages but above long-term support amid mixed momentum.

XRP trades near $1.42, below short-term averages but above long-term support amid mixed momentum.

XRP traded around $1.42 on Oct. 12, remaining below its 20-day and 50-day moving averages but above the 200-day average of $1.28. The token fell short of a $1.53 forecast target and faces immediate resistance at $1.43 and $1.45, with support near $1....

Technical Signals
Neutral
7 hours ago
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