BlackRock still has no plans for a spot XRP ETF, analyst calls it bearish
- —BlackRock has no plans for a spot XRP ETF, a position unchanged since August 2025
- —Seven US spot XRP ETFs hold about $1.77 billion, equal to 1.9% of XRP supply
- —BlackRock accepts Ripple's RLUSD stablecoin as collateral in its BUIDL fund
- —BlackRock's criteria: client demand, market value, liquidity, maturity and portfolio fit
Why it matters: BlackRock's absence could cap institutional demand for XRP and weigh on its valuation versus BTC and ETH.
Source: Crypto Briefing