In a recent exclusive interview with FOX senior correspondent Charles Gasparino, Larry Fink, the CEO of BlackRock, was pressed about the potential launch of an XRP exchange-traded fund (ETF) following U.S. regulators’ recent approval of a Bitcoin spot ETF. Gasparino specifically sought Fink’s insights on the likelihood of an XRP ETF soon hitting the market, especially given that the investment giant has already submitted proposals for an ETF centered around Ethereum (ETH).
Fink’s cryptic “I can’t talk about that” response has triggered a wave of speculation within the XRP community. While not providing a clear affirmation or negation, Fink’s statement has been interpreted by XRP enthusiasts as a potential signal that BlackRock is at least considering the prospect, injecting a sense of optimism into the XRP market.
BlackRock CEO’s Cryptic Stance Fuels XRP Speculation
Tony Edward, host of the Thinking Crypto podcast, characterized Fink’s cautious approach as a strategic move, suggesting that a definitive yes or no could have immediate ramifications on the XRP market.
Adding to the intrigue, a senior executive at Valkyrie, a firm authorized to list a Bitcoin ETF, hinted at the possibility of an XRP ETF emergence. This speculation was fueled by the recent reinstatement of XRP by Grayscale. Although the Valkyrie executive expressed uncertainty about the firm filing for an XRP ETF, he emphasized the feasibility of such a move, considering the unpredictable nature of the financial market.
Contrary to the optimism within the XRP community, some notable figures, including Versan Aljarrah, founder of Black Swan Capitalist, dismiss the relevance of an XRP ETF. Aljarrah argues that XRP is inherently designed as a currency and not meant to be part of an ETF. He views crypto spot ETFs as distractions, potentially opening doors to institutional corruption, a sentiment shared by some members of the XRP community.
As speculation swirls around BlackRock’s potential entry into the XRP ETF arena, the cryptocurrency market remains on edge, awaiting further developments from one of the world’s largest asset management firms.