Crypto analyst BullRunners recently shared an opinion suggesting that BlackRock not yet filing for an XRP exchange-traded fund may not indicate a lack of interest in XRP.
Instead, the analyst suggested that the world’s largest asset manager could already be strategically involved in Ripple’s infrastructure while remaining silent publicly.
BullRunners opened the discussion by claiming that seven spot XRP ETFs are already live and trading in the United States. According to the analyst, the products collectively manage more than $1.5 billion in assets while hundreds of millions of XRP tokens remain locked in custody.
He argued that BlackRock’s absence from the market stands out because competing firms such as Franklin Templeton, Grayscale, Bitwise, and Canary Capital have already moved forward with XRP-related products.
Ripple #XRP IT'S ALL RIGGED! BlackRock Insider Leak Exposed Their Final XRP ETF Plan… pic.twitter.com/4rxwaq1meu
— BULLRUNNERS (@BullrunnersHQ) May 18, 2026
Comparison With BlackRock’s Bitcoin ETF Strategy
A major part of the presentation focused on BlackRock’s previous approach to Bitcoin ETFs. BullRunners pointed to the launch of BlackRock’s iShares Bitcoin Trust, known as IBIT, and said the company historically waits until market conditions strongly favor approval before filing products with regulators.
The analyst stated that BlackRock has submitted hundreds of ETF applications over the years and has faced very few rejections from the U.S. Securities and Exchange Commission. He argued that the firm prefers its competitors to market first.
BullRunners compared that strategy to the current XRP market, noting that multiple companies have already launched or proposed XRP investment products while BlackRock has remained publicly inactive. He suggested this silence may represent a deliberate strategy rather than a lack of interest.
Ripple Conference Appearance Draws Attention
The video also highlighted BlackRock’s participation in Ripple’s Swell conference in late 2025. BullRunners referenced comments allegedly made by Maxwell Stein, BlackRock’s director of digital assets, during the event.
According to the analyst, Stein praised Ripple’s infrastructure and stated that blockchain systems built by companies like Ripple could facilitate trillions of dollars in value movement in the future. BullRunners argued that BlackRock’s decision to send a senior executive to Ripple’s private institutional conference contradicts the idea that the company lacks interest in XRP-related infrastructure.
BullRunners further discussed BlackRock’s BUIDL tokenized money market fund and its reported integration with RLUSD through Securitize on the XRP Ledger. He claimed this demonstrates that BlackRock’s products are already connected to Ripple-based infrastructure in a real-world environment.
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Focus on BlackRock Executive Robert Mitchnick
Another key section of the video centered on Robert Mitchnick, BlackRock’s global head of digital assets. BullRunners noted that Michnik reportedly interned at Ripple in 2017 and later co-authored crypto valuation research alongside Ripple board member Susan Athey.
The analyst argued that Mitchnick’s prior relationship with Ripple makes BlackRock’s current position on XRP more significant. BullRunners repeatedly questioned why the company has not filed for an XRP ETF despite its connections and involvement in tokenized asset infrastructure linked to Ripple technology.
Throughout the video, BullRunners maintained that institutional investors often position themselves privately before making public announcements. He suggested that BlackRock may already be preparing for future XRP involvement behind the scenes, though he acknowledged that no official XRP ETF filing from BlackRock currently exists.
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 advised to conduct thorough 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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