Key Takeaways:
- ETF expert Nate Geraci suggests BlackRock could file for an iShares XRP ETF following the end of the Ripple lawsuit.
- Ripple and the SEC have jointly dismissed all remaining appeals, affirming XRP is not a security in retail transactions.
- Market reaction: XRP surges over 13% in 24 hours; Polymarket odds for an XRP ETF approval jump to 88%.
The conclusion of Ripple’s years-long legal battle with the U.S. Securities and Exchange Commission (SEC) has reignited speculation about a potential BlackRock XRP exchange-traded fund (ETF). Legal clarity surrounding XRP’s status has removed a major barrier to institutional products tied to the token, and some industry experts believe the world’s largest asset manager may soon expand its crypto ETF lineup beyond Bitcoin and Ethereum.
Read More: Ripple’s Game-Changing Move: Wormhole Integration Unlocks $60B Cross-Chain Potential
Ripple Lawsuit Officially Ends, XRP’s Status Confirmed
On August 7, Ripple and the SEC filed a joint dismissal of all remaining appeals in their case, marking the official end to a legal saga that began in December 2020. The dismissal cements a significant precedent: XRP is not considered a security when traded in retail transactions.
For years, the lawsuit cast a shadow over XRP’s market potential in the U.S., limiting its inclusion in exchange listings, payment platforms, and regulated investment products. With the case now closed, U.S.-based exchanges and financial firms have greater freedom to list XRP and create derivative products based on it.
Ripple wasted no time in capitalizing on this legal clarity. Just before the dismissal was filed, the company announced its $200 million acquisition of Rail, a Toronto-based stablecoin payments platform. The move is aimed at enhancing infrastructure for Ripple’s RLUSD stablecoin project, signaling that the firm is accelerating its broader expansion plans.
Read More: Ripple Acquires Rail in $200M Move to Dominate Stablecoin Market
ETF Expert Flags BlackRock’s Potential Entry into XRP Market
In a post on X (formerly Twitter), Nate Geraci, president of The ETF Store, said he believes BlackRock was “waiting to see this” before potentially filing for an iShares XRP ETF.
“Makes zero sense for them to ignore crypto assets beyond BTC & ETH,” Geraci wrote. “Otherwise, they’re basically saying those are the only ones that will ever have value.”
Geraci’s comments reflect a growing sentiment in the market: with legal…
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