{"id":363649,"date":"2025-01-31T17:03:17","date_gmt":"2025-01-31T11:33:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=363649"},"modified":"2025-01-31T17:03:17","modified_gmt":"2025-01-31T11:33:17","slug":"is-blackrock-next-to-file-for-xrp-etf-after-grayscale-heres-all-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/is-blackrock-next-to-file-for-xrp-etf-after-grayscale-heres-all-crypto-news\/","title":{"rendered":"Is BlackRock Next To File For XRP ETF After Grayscale? Here’s All – Crypto News"},"content":{"rendered":"

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Grayscale\u2019s recent XRP ETF filing with the NYSE has triggered a wave of speculation in the crypto community. With multiple asset managers entering the ETF race for Ripple\u2019s native crypto, many are now eyeing BlackRock as the next potential player to follow suit. Adding to the buzz, FOX journalist Eleanor Terrett hinted at more filings soon, fueling investor curiosity.<\/p>\n

Grayscale XRP ETF Filing Sparks Market Optimism<\/h2>\n

Grayscale has officially submitted<\/a> a 19b-4 form through the NYSE to convert its existing XRP Trust into an exchange-traded fund (ETF)<\/strong>. If approved, the ETF will be listed and traded on the New York Stock Exchange. Notably, the Trust, which was created following Judge Analisa Torres\u2019 ruling in the Ripple vs. SEC case, currently holds $16 million in assets under management (AUM).<\/p>\n

Meanwhile, this move marks Grayscale as the latest asset manager to apply for an XRP ETF in the US. Notably, this filing comes on the heels of Grayscale\u2019s other ETF applications, including Litecoin ETF, Solana ETF, and Grayscale Bitcoin Miners ETF<\/a>. Having said that, it appears that the firm is aggressively expanding its ETF offerings, raising expectations for more filings from other big players.<\/p>\n

Is BlackRock Next To File For XRP ETF?<\/h2>\n

Adding to the recent excitement, FOX journalist Eleanor Terrett shared an X post<\/a> suggesting that more XRP ETF applications could surface next week. Terrett stated:<\/p>\n

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\u201cKeep an eye out for possibly more filing activity by issuers with $XRP ETF applications next week.\u201d<\/p>\n<\/blockquote>\n

In addition, responding to a user\u2019s question about BlackRock\u2019s possible entry, Terrett said, \u201cIssuers with XRP ETF applications.\u201d Although this statement left room for speculation, she refuted claims of such possibilities in the next week.<\/p>\n

In other words, while she didn\u2019t confirm BlackRock\u2019s involvement, her words have fueled market chatter. Given BlackRock\u2019s history of leading ETF innovations, especially with its successful Spot Bitcoin ETF<\/strong> launch last year, many believe the firm could be strategizing an XRP ETF launch.<\/p>\n

What\u2019s Next For Ripple\u2019s Native Crypto?<\/h2>\n

XRP price today<\/strong> traded in the red and exchanged hands at $3.08, while its trading volume fell 31% to $4.7 billion. It appears that the investors are staying on the sideline after the US Fed maintained the interest rate at the latest FOMC. In addition, the traders are also moving cautiously ahead of the crucial US PCE inflation data, scheduled for later today.<\/p>\n

However, with soaring optimism over a potential XRP ETF launch in the US, speculations soared over a continuing rally in XRP price. For context, eight asset managers have now officially filed for an XRP ETF, <\/strong>including Bitwise, <\/strong>CoinShares, <\/strong>Canary Capital, <\/strong>21 Shares, <\/strong>WisdomTree.<\/strong><\/p>\n

Furthermore, if BlackRock steps in, it would add significant credibility to XRP\u2019s position in the investment market. Having said that, speculations over potential XRP addition in the US Strategic Reserve<\/strong> have already fueled a clash between Bitcoin maxis and XRP enthusiasts.<\/p>\n

Meanwhile, the experts still remained optimistic about the crypto\u2019s future trajectory, given the latest ETF filings and other market developments. Amid this, a top expert recently predicted a potential XRP price rally<\/a> to $5, if it breaks a crucial support level ahead.<\/p>\n

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Rupam Roy <\/p>\n<\/p><\/div>\n

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
\nRupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience. <\/p>\n<\/p><\/div>\n

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n

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Grayscale\u2019s recent XRP ETF filing with the NYSE has triggered a wave of speculation in the crypto community. With multiple asset managers entering the ETF race for Ripple\u2019s native crypto, many are now eyeing BlackRock as the next potential player to follow suit. Adding to the buzz, FOX journalist Eleanor Terrett hinted at more filings […]<\/p>\n","protected":false},"author":2,"featured_media":345677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-363649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=363649"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363649\/revisions"}],"predecessor-version":[{"id":363663,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363649\/revisions\/363663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/345677"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=363649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=363649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=363649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}