After the long-standing legal dispute between Ripple and the U.S. Securities and Exchange Commission, experts are optimistic that BlackRock, one of the world's top asset managers, may soon apply for an XRP Exchange Traded Fund (ETF).
The conclusion of one of the most important regulatory disputes in the cryptocurrency industry has triggered a positive price increase for XRP and raised the possibility of ETF approval.
Will BlackRock Apply for an XRP ETF?
According to BeInCrypto, both parties withdrew their appeal on August 7th. Industry experts are now focusing on the potential impact on XRP's future.
Nate Geraci, president of Novadius Wealth Management, suggested in a recent post on X (formerly Twitter) that BlackRock could apply for an 'iShares XRP ETF' after the lawsuit's conclusion.
"I'll admit if I'm wrong. In my view, it makes no sense to ignore crypto assets beyond BTC and ETH," he said.
Geraci emphasized that BlackRock's focus on Bitcoin and Ethereum suggests they believe only these two cryptocurrencies are valuable.
However, Eric Balchunas, senior ETF analyst at Bloomberg, disagreed with Geraci's perspective.
"I think they're satisfied with two. From here, it's the law of diminishing returns. But again, this is just my Spidey sense with no basis," he responded.
While views on BlackRock's potential XRP involvement may differ, the asset manager's ETF application could be highly beneficial for XRP. BlackRock plays a crucial role in the cryptocurrency space by managing Bitcoin and Ethereum ETFs, including iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA).
BlackRock's support for XRP could bring credibility and institutional backing to digital assets, potentially increasing investor confidence and market adoption. However, it's worth noting that even if BlackRock's involvement is positive for XRP, other applications exist.
Major asset managers including Bitwise, 21Shares, Canary Capital, Grayscale, Franklin Templeton, ProShares, and Wisdom Tree have already applied to launch XRP ETFs, indicating growing interest in the asset.
Ripple-SEC Lawsuit Conclusion Raises XRP Price and ETF Approval Possibility
Regardless of whether BlackRock applies for an XRP ETF, the Ripple-SEC development has certainly increased the likelihood of approval by the end of the year. According to the latest data from Polymarket, traders have assigned an 87% probability of XRP ETF approval by December 2025.
This number is particularly notable when the probability dropped to 62% after SEC Commissioner Caroline Crenshaw voted against several cryptocurrency ETF approvals.
"Interestingly, there was a report that the Polymarket XRP ETF approval probability dropped to 62%, but a) she will vote against everything and b) it doesn't matter, she is getting outnumbered = we haven't changed our probability, still 95%," Balchunas said.
Lone Democrat @SECGov commissioner Caroline Crenshaw is sending a clear message: she remains firmly opposed to crypto ETFs. https://t.co/NT4gCLH2k9
— Eleanor Terrett (@EleanorTerrett) August 7, 2025
Beyond approval probability, XRP's price has also shown a notable increase. This altcoin saw an 11.4% rise in the past day, recording the highest increase among the top 10 coins.
According to BeInCrypto market data, XRP was trading at $3.32 at the time of writing.
