BlackRock, a major asset management firm, announced on August 9 that it has no immediate plans to file for a spot XRP or Solana (SOL) ETF. This decision signals the company’s current focus on its existing Bitcoin (BTC) and Ethereum (ETH) ETFs.
This stance distinguishes BlackRock from other firms that are actively pursuing altcoin ETF approvals, particularly for XRP. A company spokesperson confirmed that BlackRock is not currently planning to launch any new spot ETFs for XRP or SOL.
Industry experts, including Nate Geraci, believe that while BlackRock is not currently moving forward with these filings, a shift in the regulatory environment could lead to a change in strategy. BlackRock’s decision could also impact the institutional liquidity for XRP and SOL, at least in the short term, as the firm’s influence is significant.
August 2025, Cryptoniteuae
