Key Events Set for May 1 and June 9—Here’s What to Know
The post Key Events Set for May 1 and June 9—Here’s What to Know appeared on BitcoinEthereumNews.com. World’s largest asset manager, BlackRock, has been disclosed to be working on an XRP ETF filing as an insider reveals two key dates to watch. A market expert has also detailed the reasons behind BlackRock’s long silence on XRP. The race for the first-ever XRP Exchange Traded Fund (ETF) launch in the US is still on, with the US Securities and Exchange Commission (SEC) expected to make decisions on 15 different related filings. As indicated in our previous news brief, several asset managers, including Grayscale, Bitwise, Canary Capital, etc, have made a move. However, BlackRock has remained quiet in all these. According to crypto analyst Altcoin Bale, things could change in the coming weeks or months as an insider reveals two dates to keep an eye on – May 1 and June 9. Why BlackRock is Yet to File for XRP ETF BlackRock currently exists as the largest asset manager in the world with $11.5 trillion in holdings. Its move for an XRP ETF could be a big deal, however, experts believe that it probably has a good reason to “wait in the wings”. Recently, an XRP-related X account, “All Things XRP”, highlighted that BlackRock “may be too focused on Bitcoin (BTC) and Ethereum (ETH) success” to take a serious look at other altcoins. As of April 20, its iShares Bitcoin Trust had reached $30 billion in Assets Under Management (AUM) while its ETH ETF had crossed $1 billion in two months after launch. Even recently, BlackRock added a Bitcoin ETF to its $150 billion model portfolio, as previously mentioned in our news publication. According to All Things XRP, the asset manager may be hesitant “to add risk” when it is already dominating with the top two assets by market cap. Adding to this, BlackRock was reported to be probably…
The post Key Events Set for May 1 and June 9—Here’s What to Know appeared on BitcoinEthereumNews.com.
World’s largest asset manager, BlackRock, has been disclosed to be working on an XRP ETF filing as an insider reveals two key dates to watch. A market expert has also detailed the reasons behind BlackRock’s long silence on XRP. The race for the first-ever XRP Exchange Traded Fund (ETF) launch in the US is still on, with the US Securities and Exchange Commission (SEC) expected to make decisions on 15 different related filings. As indicated in our previous news brief, several asset managers, including Grayscale, Bitwise, Canary Capital, etc, have made a move. However, BlackRock has remained quiet in all these. According to crypto analyst Altcoin Bale, things could change in the coming weeks or months as an insider reveals two dates to keep an eye on – May 1 and June 9. Why BlackRock is Yet to File for XRP ETF BlackRock currently exists as the largest asset manager in the world with $11.5 trillion in holdings. Its move for an XRP ETF could be a big deal, however, experts believe that it probably has a good reason to “wait in the wings”. Recently, an XRP-related X account, “All Things XRP”, highlighted that BlackRock “may be too focused on Bitcoin (BTC) and Ethereum (ETH) success” to take a serious look at other altcoins. As of April 20, its iShares Bitcoin Trust had reached $30 billion in Assets Under Management (AUM) while its ETH ETF had crossed $1 billion in two months after launch. Even recently, BlackRock added a Bitcoin ETF to its $150 billion model portfolio, as previously mentioned in our news publication. According to All Things XRP, the asset manager may be hesitant “to add risk” when it is already dominating with the top two assets by market cap. Adding to this, BlackRock was reported to be probably…
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