Two Key Dates for XRP: May 1st and June 9th, Here’s Why
The post Two Key Dates for XRP: May 1st and June 9th, Here’s Why appeared first on Coinpedia Fintech News
While several financial firms are racing to launch an XRP exchange-traded fund (ETF), the biggest name in the room—BlackRock—is staying quiet. Despite 15 XRP ETF filings from firms like Grayscale, Bitwise, and even Canary Capital, BlackRock has made no move. But their silence may be more strategic than it seems.
An expert’s conversation with a BlackRock insider revealed two dates to watch: May 1 and June 9. The reason behind these dates remains under wraps, but there’s growing speculation that something major could be brewing.
Why Is BlackRock Holding Back?BlackRock’s hesitation isn’t because they dislike XRP. According to industry whispers, it’s all about timing and leverage. By staying out of the current rush for XRP ETFs, BlackRock avoids the risk of rejection from the SEC. If others get denied, they escape the headlines. If approval comes later, they can jump in—well-prepared and with full force.
.article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; }Some analysts suggest this is also a negotiation tactic. Behind the scenes, BlackRock could be pressuring Ripple, the company behind XRP, to strengthen its partnerships, improve institutional demand, and build strong custody solutions. That way, when BlackRock finally enters the game, they’re stepping into a market that’s ready for prime time.
What If the SEC Clears XRP?If the SEC officially declares XRP a non-security, it could be a game-changer. Liquidity would surge, institutions could jump in without fear, and demand for an XRP ETF could skyrocket. And if that moment comes, BlackRock would be perfectly positioned to enter with a trusted product, perhaps even dominating the space.
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FAQs
When will XRP ETF be approved? The XRP ETF approval timeline depends on the final outcome of the Ripple vs. SEC case. Approval could happen in 2025 if regulatory clarity improves.
Has BlackRock applied for an XRP ETF?No, BlackRock has not yet applied for an XRP ETF, but experts believe a strategic move may happen after key market developments.