XRP News Today: $3 Support Key as Bulls Await Spot ETF Breakthrough
Bloomberg Intelligence ETF Analyst James Seyffart shared details of Friday’s filings, stating:
“Bunch of XRP ETF filings being updated by issuers today. Almost certainly due to feedback from SEC. Good sign, but also mostly expected.”
BlackRock Remains Silent on Spot XRP ETF Plans
21Shares, Bitwise, Canary, CoinShares, Franklin Templeton, and WisdomTree filed amendments. However, one noticeable absentee from the XRP-spot ETF list is BlackRock (BLK). The ETF issuer’s dominance in the crypto-spot ETF markets underscores the potential influence of an iShares XRP Trust on XRP’s supply-demand trajectory.
Since launch, BlackRock’s iShares Bitcoin Trust (IBIT) has reported total net inflows of $58.058 billion, dwarfing the second-largest BTC-spot ETF, Fidelity Wise Origin Bitcoin Fund (FBTC), with inflows of $11.728 billion. BlackRock’s absence has potentially left left XRP below its record high of $3.6606.
Crypto analysts recently speculated about whether BlackRock would apply for an iShares XRP Trust. The conclusion?
Addressing claims of BlackRock having no plans for an XRP ETF, prominent crypto commentator Marty Party stated: