Will BlackRock Launch an XRP ETF?

BlackRock runs the biggest Bitcoin and Ethereum ETFs in the US, yet it skipped every XRP filing deadline while seven rivals already hold billions in the asset. The reason behind that decision could reshape how investors think about XRP's future.

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BlackRock (NYSE:BLK | BLK Price Prediction) is well-known for running the largest spot Bitcoin and Ethereum ETFs in the United States. However, it has never filed to create a BlackRock XRP ETF. As of September 25, 2026, seven other issuers have launched spot XRP (CRYPTO:XRP) funds that together hold about $1.77 billion.

Currently, XRP trades around $1.50, down about 8% in the last week and about 59% from its all-time high of $3.65 in July 2025. So, why has the largest ETF issuer not entered this space, and what impact could a BlackRock fund have on XRP holders?

Seven Spot XRP ETFs Already Hold $1.77 Billion Without BlackRock

Several companies offer spot XRP ETFs, which buy and hold XRP, allowing investors to own XRP through a standard brokerage account. These seven US spot XRP ETFs, managed by firms like Bitwise, Franklin Templeton, and Canary Capital, hold about 1.18 billion XRP, accounting for roughly 1.9% of the total coins in circulation.