The possibility of BlackRock launching a spot XRP ETF has become one of the most discussed topics in the XRP community. Analysts claim that if the world’s largest asset manager enters the XRP market, it could trigger a major shift in institutional adoption, liquidity and long-term price behavior.
This discussion recently resurfaced after analyst Jake Claver revisited previous hints from both Ripple CEO Brad Garlinghouse and BlackRock CEO Larry Fink. In multiple interviews, both executives were asked about a BlackRock XRP ETF. Each time they responded with the same sentence: “I can’t talk about that.”
According to Claver, that level of secrecy usually means that some form of NDA or closed-door discussion is already underway.
A suspicious file that never completely disappeared
Speculation about the XRP ETF increased in November 2023 when an application for an iShares XRP Trust appeared in Delaware.
Bloomberg later reported that the document was “fake,” but neither Ripple nor BlackRock have ever publicly confirmed that claim, something analysts consider unusual. In previous cases of false ETF filings, both the token teams and the companies involved immediately denied them.
The fact that this matter was quietly pushed aside without official clarification continues to fuel speculation that something happened behind the scenes.
Why a BlackRock XRP ETF would be a game changer
Claver says that if BlackRock officially files for an XRP ETF, it would be one of the biggest endorsements the asset has ever received. BlackRock’s involvement would signal to global institutions that XRP is a serious long-term financial instrument, similar to what happened with Bitcoin in 2023.
Another big player to watch is Vanguard, which declined to participate in Bitcoin ETFs. Instead, they blocked their subsidiaries from offering Bitcoin ETF exposure in the first place. Still, there are long-standing connections between Ripple and Vanguard, raising the possibility that Vanguard decides to enter the market via an XRP ETF instead of Bitcoin.
If both BlackRock and Vanguard enter the XRP ETF space, the impact on supply would be huge. These companies have hundreds of institutional counterparties that depend on them for capital allocation. The moment an XRP ETF becomes available, all these counterparties will have direct access to XRP for the first time.
This would dramatically accelerate XRP’s institutional demand, potentially removing billions of tokens from the open market.
How High Can XRP Go After Launching Multiple ETFs?
Claver previously said that multi-ETF driven demand alone could push XRP to $10-$12 even without macroeconomic tailwinds or additional utility demand. According to him, this is purely based on the supply conditions and the institutional inflow.
Others say this could be just the beginning. If multiple ETFs are launched within days of each other, similar to the spot Bitcoin ETFs, XRP could experience a “snowball effect” of capital seeping into the ecosystem.
Trust CoinPedia:
CoinPedia has been providing accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict editorial guidelines based on EEAT (Experience, Expertise, Authoritativeness, Trustworthiness). Each article is fact-checked from reputable sources to ensure accuracy, transparency and reliability. Our review policy ensures unbiased evaluations when recommending exchanges, platforms or tools. We aim to provide timely updates on everything crypto and blockchain, from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making any investment decisions. Neither the writer nor the publication accepts responsibility for your financial choices.
Sponsored and Ads:
Sponsored content and affiliate links may appear on our site. Ads are clearly marked and our editorial content remains completely independent from our advertising partners.