BlackRock faces calls to launch spot XRP ETF after internal research revealed

BlackRock, a global investment manager recognized for overseeing one of the largest exchange-traded fund lineups, has come under industry scrutiny for not offering an XRP-based ETF despite XRP’s position among the leading digital assets.

Industry voices question BlackRock’s ETF strategy

Geraci recently stated that it remains “wild” for BlackRock to restrict spot crypto ETF offerings to Bitcoin and Ethereum, and not to propose even an index-based fund covering broader digital assets. He attributed this cautious stance to BlackRock’s track record of ETF success, interpreting the lack of diversification as a risk in itself.

Geraci’s outlook remains unchanged: he is “standing by my prediction that they capitulate at some point and launch additional spot crypto ETFs.”

Former BlackRock executive brings XRP knowledge to Ripple

Adding to the discussion, Digital Asset Investor highlighted the career shift of Robbie Mitchnick, who transitioned from BlackRock to Ripple. Mitchnick, while at BlackRock, worked on a 2018 valuation study of XRP—a report co-authored with Susan Athey, which analyzed XRP’s network characteristics in detail and compared them favorably to those of Bitcoin. The research estimated the fair market value of XRP at $4,813.