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Investment giant BlackRock has closed the door on two altcoins: "They are not in the plan"
The world's largest asset management company BlackRock has temporarily closed the door to applying for an exchange-traded fund (ETF) for XRP and SOL.
A company official who wished to remain anonymous stated in a statement to The Block, "Currently, BlackRock has no plans to file for an XRP or SOL ETF."
Recently, the growing interest in spot Bitcoin and Ethereum ETFs has increased speculation about whether similar products will emerge for other major cryptocurrencies. However, BlackRock's announcement means that no such steps will be taken for XRP and SOL in the near future.
As a reminder, BlackRock made a strong entry into the sector with the spot Bitcoin ETF approved in January 2024, and then it also became involved in the Ethereum ETF process. Therefore, investors were expecting similar steps for other major crypto assets.
The development did not have a negative impact on the prices of XRP and SOL. On the other hand, analysts also state that BlackRock's indication that there are currently no ETF plans for these two assets has weakened short-term speculative expectations.
Although BlackRock has stated that it is not currently considering an ETF for XRP or SOL, investors believe that the company may change this plan in the future depending on market conditions.
Published: August 9, 2025 00:24