BlackRock May File for XRP ETF Following Ripple’s Legal Resolution
Ripple has ended its legal dispute with the U.S. Securities and Exchange Commission (SEC) by dropping its cross-appeal. This marks the conclusion of the case and raises expectations for an XRP exchange-traded fund (ETF), with Polymarket estimating an 86% chance of approval by 2025.
Key points:
- BlackRock may file for a spot XRP ETF soon, following its successful Bitcoin and Ethereum ETF launches.
- The end of Ripple's legal challenges removes a major regulatory barrier.
- XRP's price increased by 3.5% after the lawsuit resolution, indicating renewed investor confidence.