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- BlackRock may reconsider its stance on altcoins as speculation swirls around a potential XRP ETF filing.
- VanEck challenges SEC practices, urging equal treatment for ETF issuers in the increasingly competitive crypto space.
- Market analysts watch for sudden moves from major players as XRP ETF approval odds surge among Polymarket bettors.
Speculation is growing over whether BlackRock could file for an XRP exchange-traded fund despite its earlier reluctance to explore altcoin-based ETFs. The subject attracted attention after ETF Store President Nate Geraci said XRP and Solana ETFs could be approved all at once, in a similar manner to how Bitcoin and Ethereum ETFs were authorized.
If BlackRock invests in an XRP ETF, it could greatly affect the balance of a currently competitive market. Many firms, such as Bitwise, 21Shares, Canary Capital, and Franklin Templeton, want to launch or grow their digital asset ETFs. The news from BlackRock’s filing might make competitors feel more stressed and lead people to consider investing more in larger firms.
Even though the company has yet to release an S-1 for its ETF, those in the market are keeping a close eye on it. Despite earlier saying that BlackRock and Fidelity would eventually enter altcoin ETFs, Geraci explained they have yet to make a filing. Still, many people continue to discuss this idea within the industry.
Concerns Over Fairness Surface Amid High Stakes ETF Race
The challenges faced by some countries have begun to appear. VanEck has raised concerns with the U.S. Securities and Exchange Commission about favoritism toward the bigger asset managers. The firm stressed that giving chances to big players could slow innovation and remove fair compeition in the ETF market.
VanEck explained in its letter that ETF applications should be decided in a “first-to-file” system. Smaller issuers think this approach would offer equal chances and lead to more creative ideas in crypto-focused funds.
Officially, BlackRock and Fidelity haven’t filed any changes, but analysts and market observers think they could swiftly change their strategy. Since both Bitcoin and Ethereum ETFs have encountered speedy approval in the past, it is likely that the same will happen moving forward.
At present, those betting on Polymarket believe that getting an XRP ETF is not a far-fetched possibility. Bloomberg reports that Paul Atkins’s SEC could leave these products to be approved until 2025, but it is not certain that they will be approved so late. Rising activity and frequent speculation cause many people to believe that major crypto platforms will have to file for registration soon.
The presence of big corporations such as BlackRock in the XRP ETF arena might cause significant changes in the industry and regulations. There is growing interest among people to learn whether the rumors of an IPO will soon lead to actual filings.
Also Read: XRP Chart Signals Massive Breakout as Targets Hit $17, $21, and $27 Soo
