Blackrock, the largest asset manager in the world of $ 11.6 trillion, is charged by bitcoin and ethereum etfs, but when it comes to XRP, it appears that she is not in a hurry. Despite the increasing interest and launch of recent institutional futures, Blackrock did not offer For xrp etf.
So what hinders them? Let’s divide it.
1. The regulations are still unclear
The biggest cause is organizational uncertainty. Although an American court ruled that XRP is not safe when trading on stock exchanges, the Supreme Education Council did not completely accept this. In fact, ETF decisions are still pushed further, while others are now expected in June or until October 2025.
Blackrock is safely famous for playing, and will not be presented to get XRP ETF until the organizers draw a clear line between securities and goods in encryption.
As a user of X indicated intelligently, clarity may only come after the passage of major legislation, such as Stablecoin.
2. The derivative market is still growing
For large institutions, futures markets are a major tool for risk management. While Bitcoin and Ethereum have a huge mature future markets, XRP only launched CME FUTERES on May 19, 2025, with $ 19 million in the size of the first day.
This is a strong start, but not enough yet. Blackrock and others want to see a more consistent trading volume over time.
3. Liquidity still needs to grow
XRP has a strong market depth, but in order for the traded investment funds smoothly, it needs stable liquidity that can deal with billions of external flows and flows. Until XRP hits this level of maturity, ETF approval remains likely.
4. Focus on winning plays
Blackrock is currently focusing on the Bitcoin and ETHEEUM investment funds, which work well. Instead of spreading her thin efforts, she doubles what works.
5. Strategic timing is everything
Finally, everything can come down to timing. With the leading XRP and Solana ETF discussions, you may wait for Blackrock to learn how SEC deals with current deposits before joining the race.
It is a waiting game for more demand, stronger liquidity, and green light than the organizers.
Therefore, while XRP lovers may be enthusiastic, Blackrock plays the long game.
