BlackRock, the world’s largest asset manager, might be playing a patient game when it comes to launching an XRP exchange-traded fund. According to crypto commentator Dom, the trigger won’t be a regulatory green light or a competitor’s move, but something far simpler: undeniable demand.
“BlackRock has ‘no plans’ to launch an $XRP ETF until they realise how much demand there will be,” Dom posted on X, adding, “If they can make money from one (and they will), they will launch one. It’s really that simple.” His statement cuts through speculation, highlighting the single factor that could change BlackRock from a cautious observer to a market mover almost overnight.
BlackRock’s Official Position
BlackRock recently addressed speculation about an XRP exchange-traded fund (ETF), telling The Block that “at this time, BlackRock does not have any plans to file an XRP or SOL ETF.” The wording is deliberate. “At this time” suggests the door is far from closed; rather, the firm is in a holding pattern, observing the market before making a strategic move.
blackrock has “no plans” to launch an $XRP ETF until they realise how much demand there will be.
if they can make money from one (and they will), they will launch one.
it’s really that simple.
— Dom | EasyA (@dom_kwok) August 9, 2025
Why Demand Is the Deciding Factor
For BlackRock, launching a new ETF is not about ideology; it’s about business. The firm’s crypto expansion has followed proven money flows. The runaway success of spot Bitcoin ETFs earlier this year showed how rapidly demand can translate into billions of dollars in assets under management, generating consistent fee revenue. The same principle applies to XRP: sustainable demand makes a product commercially viable.
Dom’s stance is blunt: “If they can make money from one (and they will), they will launch one. It’s really that simple.” His view reflects the market reality: ETFs exist to meet investor demand, not create it from scratch.
The Regulatory and Market Context
The potential for an XRP ETF became far more realistic when Ripple and the U.S. Securities and Exchange Commission jointly moved to dismiss their appeals, effectively ending years of litigation. This removed a key regulatory uncertainty that had long deterred institutional product development.
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Still, legal clarity alone is not enough. ETF issuers require reliable custody solutions, deep liquidity, robust arbitrage mechanisms, and most importantly, evidence of market demand before committing resources to launch.
Competitors Are Testing the Waters
While BlackRock remains cautious, other asset managers are already positioning themselves. Bitwise, Franklin Templeton, Grayscale, and WisdomTree have filed or amended registrations for spot XRP funds, effectively running live experiments to gauge interest. Their early performance will give BlackRock critical data on whether the market is deep enough to warrant entry.
Waiting for the Signal
For now, BlackRock appears content to watch from the sidelines. But as Dom notes, once demand is undeniable, “they will launch one.” This is not unusual — in ETF markets, late but decisive entries by big issuers can dominate once the path is proven.
Investors watching for that moment should focus less on public statements and more on the hard numbers: fund inflows, trading volumes, and institutional buy-in.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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