BlackRock Pressures SEC to Approve XRP ETF as Market Awaits Monday Decision

BlackRock pushes SEC for XRP ETF approval as crypto markets await potential Monday decision amid legal uncertainty.

Fridah Kangai
July 1, 2025
12:15 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

BlackRock reportedly pushes SEC for XRP ETF approval, with decision possibly coming Monday.
Ripple awaits SEC to drop appeal as legal closure remains a key hurdle for ETF clearance.
XRP holders closely monitor developments as institutional interest gains momentum.

According to reports, BlackRock is applying pressure on the U.S. Securities and Exchange Commission to approve a spot XRP exchange-traded fund. Expectations are growing in the market that a decision could be made as early as Monday.

Amid growing speculation, the rumor has stirred up more curiosity in the crypto field, with many investors viewing ETF approval as a clear breakthrough for XRP’s institutional adoption. The legality problem affecting Ripple is another critical component of whether the ETF proposal will pick up.

In 2023, a U.S. court granted Ripple partial legal relief by deciding that some sales of the XRP tokens were not selling securities. Ripple has already dropped its appeal. Nonetheless, the SEC has yet to take a final stand on the situation, which puts the case in legal limbo.

According to crypto commentator John Squire, a potential victory would mean a sharp increase in the value of XRP in the market. However, he warned that the approval might not proceed fast.

🚨 Speculation continues: BlackRock is reportedly pressuring the SEC to approve spot #XRP ETFs this Monday.

I still have my doubts, but if this turns out to be true, we could be looking at the beginning of a major bullish wave. 📈🔥 $XRP pic.twitter.com/oyJEV9Xmsd
— John Squire (@TheCryptoSquire) June 29, 2025

Legal Steps Must Be Completed Before ETF Progresses

Twitter user @PatriotTricord explained that the SEC will have to officially withdraw its appeal before it can approve any ETF filing. He then highlighted that when this is accomplished, Judge Torres will be able to close the case and provide the final court order.

In response to this, legal analyst Marc Fagel said that Judge Torres had already made a final ruling in the previous year. He added that when both parties formally withdraw their appeals, a decision is final without a court session.

Just FYI, there's nothing further for Judge Torres to do. She already issued her final judgment a year ago, so once both parties have dismissed their appeals (which the SEC still needs to vote on), it will go into effect.
— Marc Fagel (@Marc_Fagel) June 29, 2025

This notwithstanding, some community members believe that the case may not technically close until November. That potential keeps raising doubts about whether the SEC will move.

At this point, the holders of XRP are keenly observing the progress, as the possibility of an SEC ruling on Monday brings about a sense of urgency. Such approval can be an indication of a change in how it is handled as a regulatory treatment by digital assets such as XRP.

Also Read: Ripple Withdraws Cross Appeal as SEC Vote Now Holds Key to Final Case Closure