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Grayscale’s recent filing for an XRP ETF on the NYSE has ignited a wave of speculation within the crypto community. With multiple asset managers entering the ETF race around XRP, there are thoughts that BlackRock may also join this competitive landscape. FOX journalist Eleanor Terrett hinted at more filings on the horizon, further fueling investor interest.
XRP ETF Filing Details
Grayscale formally submitted a 19b-4 form to transform its existing XRP Trust into an exchange-traded fund (ETF). If approved, this ETF will be listed and traded on the New York Stock Exchange. The trust, established following the ruling by Judge Analisa Torres in the Ripple 
$2 and SEC case, currently holds assets worth 16 million dollars.
Eleanor Terrett’s remarks have stirred speculation about a potential BlackRock filing. Terrett stated, “Expect more filing activity regarding XRP ETF applications next week.” Considering BlackRock’s position in the investment market, the prospect of launching an XRP ETF has captured the attention of investors. Previously, BlackRock officials suggested that there would be no ETFs aside from BTC and ETH, indicating a lack of interest in other altcoins. However, much has changed for XRP Coin since those statements.
The Future of Ripple
Currently, XRP’s price stands at 3.08 dollars, with trading volume decreasing by 31% to 4.7 billion dollars. Investors are exercising caution following the Federal Reserve’s decision to maintain interest rates. However, growing optimism regarding a potential XRP ETF launch supports expectations of a price surge. Eight asset managers, including Bitwise, CoinShares, and WisdomTree, have officially submitted XRP ETF applications.
BlackRock’s involvement could significantly enhance XRP’s reputation in the investment market. However, speculation surrounding XRP’s addition to the U.S. Strategic Reserve has sparked debates between Bitcoin 
$0.000042 maximalists and XRP supporters. Experts remain optimistic about the future of the cryptocurrency, considering the recent ETF filings and other market developments.
As developments continue, market players are proceeding with caution. The outcomes of ETF applications could greatly impact XRP’s value and the broader crypto market. Investors should closely monitor the situation, as regulations and market trends will influence future movements.
