Editor's PiCK
[Analysis] "BlackRock may not launch XRP spot ETF in the U.S... Here are five reasons why"
Summary
- It has been reported that there is analysis suggesting BlackRock is unlikely to launch a XRP spot ETF in the U.S.
- The analysis cited reasons such as lack of client demand, regulatory uncertainty, and market saturation as key factors.
- Currently, seven asset managers have applied for a XRP spot ETF, but only some legal risks have been resolved.
Market attention is focused on whether BlackRock, the largest asset management firm in the United States, will launch a spot XRP ETF. However, some analysts suggest that BlackRock is unlikely to launch a spot XRP ETF.
On the 11th (Korean time), cryptocurrency-focused media outlet CoinDesk analyzed that the likelihood of BlackRock introducing a spot ETF with XRP as the underlying asset is low.
The outlet cited the following reasons: ▲ insufficient client demand for crypto assets other than Bitcoin (BTC) and Ethereum (ETH); ▲ regulatory uncertainty surrounding XRP and other altcoins; ▲ market saturation due to multiple competing applications; ▲ a gap between surging price expectations and internal data; ▲ a large share of XRP trading volume being concentrated in Asia.
Currently, seven asset management companies—including ProShares, Grayscale, and Franklin Templeton—have filed for a spot XRP ETF in the U.S.
Previously, some legal risks were resolved when the dispute between Ripple, the issuer of XRP, and the Securities and Exchange Commission (SEC) came to a complete close.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
