BlackRock Rumors Point to Possible XRP ETF After Ripple Settles SEC Dispute

The years-long legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has finally come to an end. Ripple has officially decided to drop its cross-appeal against the SEC, ending the lawsuit that had been dragging on since 2020. With this outcome, analysts and investors in the cryptocurrency market are quite optimistic about the possibility of an XRP spot ETF being approved in the United States.

Nate Geraci, president of The ETF Store, said Ripple’s decision represents a pivotal moment, paving a much clearer path for the launch of an XRP ETF. Geraci believes this legal shift removes one of the biggest obstacles that has prevented major asset managers like BlackRock from moving forward with XRP-related projects.

Ripple is withdrawing our cross-listing, and the SEC is expected to withdraw its cross-listing, as it has said. We are closing this chapter once and for all and focusing on what matters most: building the Internet of Value. Get yours now.

Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they've previously said. We're closing this chapter once and for all, and focusing on what's most important – building the Internet of Value. Lock in. https://t.co/ZsRgDfcpLh

— Brad Garlinghouse (@bgarlinghouse) June 27, 2025

While BlackRock has not officially confirmed its interest in an XRP-based ETF, recent speculation has been gaining momentum. Until recently, the asset manager was firmly against launching altcoin-related products, especially given the legal uncertainty surrounding Ripple. However, following the end of the lawsuit, Bloomberg analysts have revised their estimates, now indicating a greater than 95% probability that an XRP ETF will be approved by the SEC soon.

Data from Polymarket reinforces this positive trend, currently indicating a 78% chance of ETF approval this year. Many experts are betting that BlackRock will be the first to take the lead in this promising scenario.

The impact of this news has already been reflected in the price of the cryptocurrency. Within hours of Ripple abandoning the feature, the value of XRP rose by more than 3,5%, reaching $3,18. This sudden move caused the liquidation of around $5,5 million, mainly among traders who were betting on the asset's decline. Legal experts such as Fred Rispoli and Bill Morgan praised Ripple's strategic decision and highlighted the growing institutional interest in XRP.

While the United States is beginning to more seriously consider XRP-related ETFs, Canada has already made headway in this regard. The recently launched 3iQ XRP ETF quickly raised $32 million in assets under management, signaling strong demand and market potential.

Now, investors and experts are eagerly awaiting BlackRock’s next move, closely watching to see if the leading global asset manager will make its official entry into the promising XRP ETF market.