Will BlackRock Enter the XRP ETF Race? SEC Delays Fuel Speculation | Airdrop Alert Pro

As the US SEC continues to make decisions about the XRP ETF, the XRP community is paying close attention, which intensifies speculation that BlackRock may step in. Although the asset management giant has not taken any action, analysts believe that the ongoing delay may be in its favor. With its records of ensuring ETF approval, BlackRock-backed XRP ETFs may have higher chances of success.

Franklin Templeton competes

Despite the uncertainty, Franklin Templeton has officially applied for the XRP ETF, Use Coinbase Cundody Trust to handle the fund’s XRP holdings. This marks an important step in integrating XRP into traditional financial markets, proving that institutions are still betting on their long-term potential. Eric Balchunas of Bloomberg tip This marks the 64th Altcoin or Meme-Coin ETF application awaiting SEC approval, highlighting the growing interest in crypto-based investment products.

Analysts weigh SEC’s ETF delay

Meanwhile, the SEC has also postponed the decision of Canary Capital and Grayscale’s XRP ETF, as well as Canary and Vaneck’s Solana ETF. These delays suggest that regulators remain hesitant about exceeding crypto ETFs Bitcoin and Ethereum. However, analysts believe that the political climate can play a role in changing this position.

Bloomberg analyst James Seyffart rest assured Such delays are routine for investors and do not necessarily affect the possibility of approval. The final deadline for these ETF applications extends into October, leaving room for potential changes.

Another crypto analyst, Leigh Dunsford, suggestion The SEC delay may be intentionally stagnant, or simply overwhelmed by excessive ETF filings, resulting in slowing approvals throughout the summary. Eric Balchunas replied that he doubted this would happen, but found it interesting because many ETFs track assets related to the U.S. government and even the president’s own interests.

Can BlackRock wait for the lawsuit to be resolved?

Many experts believe BlackRock may postpone the XRP ETF application until the corrugated lawsuit is resolved. XRP advocate Bill Morgan suggested that Blackrock might view delays as an opportunity presented at the right time. The settlement with the SEC may have been made prior to a brief submission of Ripple appeal on April 16, 2025, which could remove the last hurdle.

If the legal battle is cleared, BlackRock and other major agencies can confidently enter the XRP ETF race, increasing the likelihood of approval. Additionally, analysts expect that the Trump administration in the United States may have a more friendly crypto SEC, which could change the trend rather than ETFs outside of Bitcoin and Ethereum.

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XRP price reacts to ETF hype

Amid ETF excitement, XRP rose 5%, with open interest reaching $3 billion. Analyst Mikybull Crypto sees bullish divergence, hint After the market recovered, it was at a major rally. Although the SEC remains cautious, the growing institutional interest indicates that the approval of the XRP ETF is “when”, not “if”, especially if BlackRock joins the competition.