BlackRock CEO Larry Fink Refuses to Comment on XRP ETF
Date: 2024-01-14 Author: Dima Zakharov Categories: BUSINESS
Uncertainty Surrounds XRP ETF
During a recent interview with FOX's senior correspondent Charles Gasparino, Larry Fink was directly asked about the prospects of an XRP ETF. This question arises following the U.S. regulator's approval of a spot ETF for Bitcoin.
Gasparino inquired about BlackRock's stance on the possibility of launching an XRP exchange-traded fund in the near future. It's worth noting that the company has already filed an application for an ETF based on Ethereum (ETH).
In response, Larry Fink stated, "I cannot speak about it."
Larry Fink's non-committal response has been positively received by the XRP community members. They do not view the BlackRock CEO's statement as a definitive yes or no, which has fueled optimism among XRP enthusiasts.
According to Tony Edwards from the Thinking Crypto podcast, Larry Fink's reluctance to provide precise information was a cautious approach, as a clear "yes" or "no" could have triggered a market response regarding XRP.
Speculation Persists
Previously, a top executive at Valkyrie, a firm authorized to list Bitcoin ETFs, speculated on the potential emergence of an XRP ETF, citing XRP's recent recovery in the Grayscale fund.
While the head of Valkyrie expressed uncertainty about filing an XRP ETF application, he emphasized that such a move is possible, considering the unpredictable nature of the financial market.
XRP ETF: Is it Necessary?
However, some prominent figures in the XRP community believe that an XRP exchange-traded fund holds no significance. Versan Aldjara, the founder of Black Swan Capitalist, holds this viewpoint.
He recently stated that XRP is meant to function as a currency, not as part of an ETF. In his opinion, cryptocurrency spot ETFs are merely distractions, as they are perceived as an open invitation to institutional corruption.
