BlackRock has not filed for a Spot XRP ETF, spokesman confirms
Rumour BlackRock Files for iShares $XRP Trust Entity Has sent shockwaves through the cryptocurrency community, sparking discussions and speculations among enthusiasts and investors.
BlackRock, a prominent global investment management firm, has not submitted an application for a Spot XRP (XRP) Exchange-Traded Fund (ETF). An ETF is a type of investment fund and exchange-traded product, where shares represent ownership in underlying assets, in this case, the cryptocurrency XRP
BlackRock’s Move into the Crypto Space
BlackRock, one of the world’s largest asset management firms, managing trillions of dollars in assets, has been closely watched for any signs of entry into the cryptocurrency market. This move to establish an iShares $XRP Trust Entity is a significant development, indicating the company’s interest in expanding its portfolio to include digital assets.
Crypto Twitter Reactions and Speculations
The news quickly gained attention on Twitter, with various reactions pouring in from the crypto community. has expressed a bullish sentiment for $XRP, hinting at potential positive outcomes for the cryptocurrency.