What BlackRock Reveals About Real XRP ETF Plans?

Quick Summary:

Multiple positive developments including XRP ETF filings, SEC Chair Gary Gensler stepping down and RLUSD stablecoin have further fueled XRP ETF launch speculations.

However, BlackRock has no plans to file an ETF application for XRP or any other altcoins, disclosed BlackRock‘s ETF department head Jay Jacobs.

The recent approval of Ripple’s stablecoin RLUSD by NYDFS sparked further speculation on an XRP exchange-traded fund as it will help create a regulated market for XRP.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: India

Topics: XRP ETF 24/7 Cryptocurrency News Blackrock Altcoin News Ripple XRP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-14 @ 12:21:40 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 24406524

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