Speculation Arises on Timing of BlackRock XRP ETF Amid Ongoing Lawsuit

Online pundits speculate on the timeline for BlackRock to unveil an XRP ETF, suggesting it could follow the conclusion of the SEC vs. Ripple legal battle. Despite uncertainties, optimism remains within the XRP community and industry experts for the eventual introduction of an XRP ETF.

Speculation Abounds: Predictions on BlackRock's Potential XRP Spot ETF Disclosure

Online crypto pundits have offered insights into when to anticipate $10 trillion asset manager BlackRock disclosing genuine paperwork for an XRP spot exchange-traded fund (ETF).

BlackRock, a dominant force in the ETF landscape, recently launched a Bitcoin spot ETF. However, the potential for a U.S.-listed XRP ETF remains uncertain as BlackRock has yet to indicate any concrete plans for such a product.

XRP Community Advocates Persist for XRP ETF Despite Regulatory Uncertainty

Despite the uncertainty, members of the XRP community persist in advocating for an XRP ETF. They argue that XRP deserves an ETF, citing regulatory clarity following a significant court ruling in July 2023, despite the ongoing XRP lawsuit.

Speculation Mounts on BlackRock XRP ETF Timing Amid Ripple Lawsuit Conclusion Prospects

In a post on XRP community forums, figure Ashley PROSPER speculated on the timing of BlackRock's potential XRP ETF. Ashley suggested that BlackRock's move might occur within weeks of the conclusion of the SEC vs. Ripple legal battle.

This speculation aligns with recent interviews, where Ripple CEO Brad Garlinghouse neither confirmed nor denied talks with BlackRock regarding an XRP ETF. Garlinghouse expressed confidence in the inevitability of an XRP ETF but refrained from providing a specific timeline.

The XRP lawsuit is currently in the remedies phase concerning Ripple's XRP sales to institutional investors. Ashley previously speculated that the lawsuit could conclude this year.

Anticipation Grows: Industry Experts Foresee Potential for BlackRock XRP ETF in 2024

The speculation surrounding the timing of a BlackRock XRP ETF echoes the perspectives of others in the industry, including Sean McBride, formerly Ripple's Director, who anticipates the emergence of such investment products in 2024.

While the fate of a BlackRock XRP ETF remains uncertain, speculation within the XRP community and among industry experts suggests that its introduction may hinge on the resolution of the ongoing legal battle between Ripple and the SEC. Despite uncertainties, optimism persists regarding the eventual arrival of an XRP ETF in the cryptocurrency market.