Expert Says BlackRock Clearly Wants XRP ETF, But Issues a Warning to Investors
The post Expert Says BlackRock Clearly Wants XRP ETF, But Issues a Warning to Investors appeared on BitcoinEthereumNews.com. As speculation grows around a potential BlackRock XRP ETF filing, industry expert Vandell Aljarrah suggests the asset manager clearly wants to enter the market. However, Aljarrah, who is the co-founder of Black Swan Capitalist, issued a warning to investors about this potential development. He suggested that the anticipated move is less about enhancing crypto adoption and more about profit and control by institutional players. BlackRock Wants an XRP ETF, But There’s a Catch In a recent post, Aljarrah stressed that investors should not automatically equate an XRP ETF with broader access to utility-driven crypto adoption. He argued that while the prospect of an ETF might appear to validate XRP in the eyes of Wall Street, it strips the asset of its inherent functionalities. When held in its native form, market participants can use XRP for real-time remittances, liquidity provisioning, staking, and self-custody. However, an ETF version offers exposure only to price movement, without granting access to these core utilities. Nonetheless, he is confident that BlackRock would express interest in an XRP ETF. Aljarrah further warned that institutions could subtly manipulate ETFs, suggesting that control over the asset changes significantly from individual investors to powerful financial institutions. Momentum Around XRP ETFs Grows Despite these concerns, the momentum behind XRP ETF filings builds. Since October 2024, a growing number of asset managers have submitted applications to the U.S. Securities and Exchange Commission (SEC). Firms like Bitwise, Grayscale, WisdomTree, 21Shares, and ProShares have all entered the race to launch spot and futures-based XRP ETFs. At press time, multiple applications are under regulatory review. ProShares has secured approval for three futures-based XRP ETFs, including an inverse fund offering -2x exposure. Grayscale, a major player in the crypto investment space, currently manages over $16 million in assets for its XRP Trust. It has partnered with…
The post Expert Says BlackRock Clearly Wants XRP ETF, But Issues a Warning to Investors appeared on BitcoinEthereumNews.com.
As speculation grows around a potential BlackRock XRP ETF filing, industry expert Vandell Aljarrah suggests the asset manager clearly wants to enter the market. However, Aljarrah, who is the co-founder of Black Swan Capitalist, issued a warning to investors about this potential development. He suggested that the anticipated move is less about enhancing crypto adoption and more about profit and control by institutional players. BlackRock Wants an XRP ETF, But There’s a Catch In a recent post, Aljarrah stressed that investors should not automatically equate an XRP ETF with broader access to utility-driven crypto adoption. He argued that while the prospect of an ETF might appear to validate XRP in the eyes of Wall Street, it strips the asset of its inherent functionalities. When held in its native form, market participants can use XRP for real-time remittances, liquidity provisioning, staking, and self-custody. However, an ETF version offers exposure only to price movement, without granting access to these core utilities. Nonetheless, he is confident that BlackRock would express interest in an XRP ETF. Aljarrah further warned that institutions could subtly manipulate ETFs, suggesting that control over the asset changes significantly from individual investors to powerful financial institutions. Momentum Around XRP ETFs Grows Despite these concerns, the momentum behind XRP ETF filings builds. Since October 2024, a growing number of asset managers have submitted applications to the U.S. Securities and Exchange Commission (SEC). Firms like Bitwise, Grayscale, WisdomTree, 21Shares, and ProShares have all entered the race to launch spot and futures-based XRP ETFs. At press time, multiple applications are under regulatory review. ProShares has secured approval for three futures-based XRP ETFs, including an inverse fund offering -2x exposure. Grayscale, a major player in the crypto investment space, currently manages over $16 million in assets for its XRP Trust. It has partnered with…
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