BlackRock Rumored to Be Eyeing XRP Amid Growing Interest From Ultra-Wealthy Investors

A recent tweet from prominent crypto commentator Altcoin Gordon has reignited speculation surrounding BlackRock’s potential involvement with XRP. In the tweet, Gordon claimed he had lunch with a friend “high up at BlackRock,” who disclosed increasing interest in cryptocurrency, particularly XRP, among ultra-high-net-worth individuals.

Ultra-Rich Clients Asking About XRP Exposure

According to the tweet, clients with net worths exceeding $50 million have been actively inquiring about opportunities to gain exposure to the crypto market, with a specific focus on XRP. Gordon also teased the possibility of “HUGE news” related to XRP coming soon, although he stopped short of offering concrete details. He promised more insights in upcoming posts.

The mere mention of BlackRock, a global investment titan, has sent waves through the XRP community, sparking theories ranging from institutional accumulation to the launch of a potential XRP ETF

Crypto Community Divided Over BlackRock XRP Rumors

While Gordon's tweet created buzz, some in the crypto space have cast doubt on the claim. Critics argue that the post lacks verifiable evidence and relies too heavily on anecdotal sources, labeling it as another case of the “Trust me, bro” narrative.

Skeptics also point out that BlackRock has already expressed interest in digital assets, but there is no official confirmation regarding any XRP-specific initiatives. They urge investors to focus on reliable data rather than speculation.

XRP Community Long Awaits BlackRock’s Entry

The idea of BlackRock investing in XRP isn't new. For years, XRP enthusiasts have shared conspiracy-style breadcrumbs, connecting BlackRock to XRP through various indirect references and speculative ties. For many in the XRP community, a formal announcement from BlackRock would be a game-changer.

While asset managers like Grayscale, Bitwise, and Franklin Templeton have applied for XRP ETFs, BlackRock has yet to enter the race, at least officially. Given BlackRock’s track record with Bitcoin and Ethereum spot ETFs, some believe a BlackRock-backed XRP ETF could dramatically increase institutional capital flowing into the asset.

Why a BlackRock XRP ETF Could Be a Game-Changer

The numbers speak volumes. BlackRock’s Bitcoin spot ETF has raked in $44.25 billion in assets under management, dwarfing Franklin Templeton’s Bitcoin ETF, which has only attracted $250 million. Similarly, BlackRock’s Ethereum spot ETF boasts $4.2 billion, while Franklin Templeton's sits at just $36.5 million.

This massive disparity in capital allocation underscores why a BlackRock XRP ETF is seen as the most significant potential catalyst for XRP's future. Industry voices like Nate Geraci, President of ETFStore, believe BlackRock will eventually step into the XRP ETF space and when it does, it’s expected to outpace all competitors.

Will It Happen After the SEC vs. Ripple Settlement?

Many believe BlackRock is waiting for the Ripple vs. SEC lawsuit to reach a full settlement before making any moves. The legal battle continues to evolve, with both sides reportedly in the negotiation phase. Once clarity emerges, the door may open for BlackRock and other institutions to make their entry into XRP-backed investment products.

For now, the crypto world watches and waits. If BlackRock throws its weight behind XRP, it could mark a historic moment for both the token and the broader crypto investment landscape.