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Rumors are circulating that BlackRock may file for an XRP ETF, generating significant interest in the crypto space. Some analysts suggest that the U.S. Securities and Exchange Commission’s (SEC) delay in approving XRP ETF applications could actually work in BlackRock’s favor. Meanwhile, Franklin Templeton has officially submitted its XRP ETF application, further increasing institutional interest in XRP.
Can BlackRock Turn SEC Delays Into an Advantage?
On March 11, 2025, the SEC postponed not only XRP ETF applications but also the review of Canary and VanEck’s Solana ETF filings. This decision caught the attention of XRP advocate and attorney Bill Morgan, who speculated that the delays might benefit BlackRock. Morgan believes that the company could strategically leverage these postponements to establish a stronger position in the market.
While BlackRock has not yet filed an official XRP ETF application, industry experts predict that such a move could be imminent. Given BlackRock’s track record, the firm is likely closely monitoring the developments surrounding Ripple’s legal case before making its move.
Franklin Templeton Files for XRP ETF
Despite the SEC’s delays, asset management giant Franklin Templeton, which oversees $1.5 trillion in assets, has officially submitted an application for an XRP ETF. According to the filing, Coinbase Custody Trust Company will securely hold the fund’s XRP holdings.
This development highlights the growing interest from institutional investors in XRP-based financial products. Analysts speculate that a change in SEC leadership or a new U.S. administration under Donald Trump could accelerate the approval of an XRP ETF. However, major players like BlackRock may wait for further clarity on Ripple’s legal battle before proceeding with their own filings. Market experts suggest that a resolution before the April 16, 2025, Ripple appeal hearing could pave the way for faster ETF approvals.
XRP Market Reaction and Price Movement
Following the ETF-related news, XRP saw a 5% price increase, while open interest rose by 2.28% to reach $3 billion. Over the past 24 hours, $7 million worth of short positions were liquidated, bringing total liquidations to $13.85 million.
Crypto analyst Mikybull Crypto emphasized that despite overall market stagnation, XRP remains one of the best-performing assets. According to him, bullish signals on the XRP chart suggest that the token could see a strong rally once market conditions improve.
Turkish NY Radio will continue to monitor developments in the XRP ETF space, providing updates on regulatory decisions and market reactions.
