Asset management giant BlackRock is allegedly not planning to establish a spot exchange-traded fund for XRP developed by Ripple.
FOX Business reporter Charles Gasparino knowledgeable about the subject resources According to the information provided by BlackRock, one of the largest altcoins is XRP. spot ETF does not plan to install it.
US Securities and Exchange Commission (SEC) security stating that it is making unregistered sales He filed a lawsuit against Ripple in December 2020.
Ripple announced in July 2023 that a judge in the US ruled that XRP investment contract He won a partial victory with his decision that it was not. The big hearing between SEC and Ripple seen in April Waiting.
There is no word yet from BlackRock management on whether an ETF that will invest in XRP will be established. no explanation came.
BlackRock launched the iShares Bitcoin Trust ETF for Bitcoin last week. about 10 thousand BTC increase the number of BTCs in your possession by adding more over 25 thousand took it out.