"What if BlackRock Launches an XRP Spot ETF?… It May Favor Wall Street"

Minseung Kang

Summary

If an XRP spot ETF is launched, it is likely to be designed to favor Wall Street.
The ETF proposed by BlackRock will only allow price exposure and not provide actual ownership or network participation.
The ETF structure is evaluated to benefit institutional investors due to regulatory friendliness, high profitability, and price control.

In the United States, expectations and concerns are growing simultaneously over the potential launch of an XRP spot Exchange-Traded Fund (ETF). Some argue that the product could be designed to favor Wall Street over individual investors.

According to cryptocurrency-focused media outlet Coinpedia on the 23rd (local time), Van Del, co-founder of Black Swan Capitalist, claimed, "If BlackRock launches an XRP spot ETF, it will only allow price exposure without providing actual ownership or network participation."

He stated, "An ETF that only tracks the price without wallet, transfer, or payment functions removes the essence of XRP," and evaluated that "such an ETF is a way to package XRP in a manner that Wall Street can understand and control."

Del said, "The ETF structure is designed to favor institutions with regulatory friendliness, management fee revenue, and price control through supply regulation," adding, "Ultimately, the profits and control will be concentrated on Wall Street, and the cost of convenience may be the weakening of the true meaning of holding virtual assets and decentralization."

XRP