BlackRock XRP ETF Could Be Next as Ripple vs SEC Lawsuit Nears Settlement

XRP has surged 8% this week as investor optimism rises over a potential end to Ripple’s legal battle with the SEC and increased institutional interest.

On May 9, BlackRock held a closed-door meeting with the SEC’s crypto task force to discuss staking, crypto ETF options, and tokenized traditional securities. While BlackRock has so far focused on Bitcoin and Ethereum ETFs, this strategic meeting sparked speculation over a future XRP ETF.

Jay Jacobs, head of BlackRock’s ETF division, previously stated that XRP was not a priority. However, ETF Store President Nate Geraci now believes that BlackRock could enter the XRP ETF race once regulatory clarity is achieved, especially since XRP is the third-largest non-stablecoin crypto by market cap.

Analyst Altcoin Gordon also noted that several BlackRock clients with over $50 million in net worth are increasingly interested in crypto investments — with rumors of big XRP-related news on the horizon.

With Grayscale, Bitwise, and Franklin Templeton already eyeing XRP ETFs, all attention now shifts to BlackRock. According to decentralized prediction market Polymarket, the probability of an XRP ETF being approved stands at 77%.

A legal settlement between Ripple and the SEC may be the final catalyst to make this ETF a reality.