This $15 Trillion Investment Giant Has No Plans to Launch an XRP ETF. That's Why I'm Bearish on XRP Right Now.
Among crypto exchange-traded funds (ETFs), the clear leader is $15 trillion asset management giant BlackRock (NYSE: BLK) . This firm offers both the largest spot Bitcoin (CRYPTO: BTC) ETF and the largest spot Ethereum (CRYPTO: ETH) ETF. XRP (CRYPTO: XRP) , which currently ranks as the world's fifth-largest cryptocurrency with a nearly $100 billion market cap, would seem to be a likely candidate for BlackRock's next spot crypto ETF launch. Yet, BlackRock has never even filed an application with the SEC for a spot XRP ETF. This is despite the fact that seven different spot XRP ETFs already trade in the marketplace. So what's going on here? Continue reading