SEC Delays Approval of XRP ETF… Spotlight on Potential BlackRock Application

# BlackRock's Potential Involvement Highlights XRP ETF Approval Delays By Jae-Hyung Park, New York Correspondent The U.S. Securities and Exchange Commission (SEC) continues to delay its decision on approving an XRP ETF, bringing attention to the potential involvement of asset management giant BlackRock. Analysis suggests that BlackRock's engagement could significantly increase the likelihood of an XRP ETF approval. # Increase in XRP ETF Applications According to reports from foreign media on the 12th (local time), despite the SEC's uncertainty, Franklin Templeton has officially filed for an XRP ETF. This move signals the gradual integration of XRP into traditional financial markets. Bloomberg analyst Eric Balchunas notes that the number of altcoin and meme coin ETF applications pending SEC approval has reached 64. This indicates sustained high interest in cryptocurrency-based investment products among institutional investors. # Political Variables at Play? The SEC has recently postponed its approval decisions on XRP ETFs from Canary Capital and Grayscale, as well as a Solana (SOL) ETF from Canary and VanEck. This reflects the regulatory authority's conservative stance towards cryptocurrency ETFs, excluding Bitcoin (BTC) and Ethereum (ETH). However, experts believe that changes in the political landscape could shift the SEC's position. Bloomberg analyst James Seyffart stated, "The SEC's delay in approval is a normal procedure and does not significantly impact the final approval probability." The final decision deadline for XRP ETF applications could extend until October, during which market conditions might evolve. # Will BlackRock Move Based on Ripple Lawsuit Outcome? Whether BlackRock will apply for an XRP ETF may largely depend on the outcome of the ongoing lawsuit between Ripple and the SEC. Bill Morgan, an XRP supporter, analyzed that "BlackRock could take advantage of the SEC's delay and apply at an opportune moment." If the legal dispute between Ripple and the SEC is resolved, major financial institutions, including BlackRock, are more likely to enter the XRP ETF market decisively. A settlement with the SEC could remove the final hurdle before Ripple's appeal documents are due by April 16, 2025. --- The potential for high-stakes maneuvering highlights the intersection of regulatory, legal, and market dynamics in the evolving landscape of cryptocurrency ETFs.