TL;DR
- BlackRock’s Cryptocurrency ETFs: Filed for a Bitcoin ETF and showed interest in an Ethereum ETF in 2023, impacting market prices, especially for Ethereum.
- Market Response: Significant price surge in cryptocurrencies due to BlackRock’s strong track record in ETF application approvals.
- XRP ETF Speculation: No current filing for an XRP ETF by BlackRock, with the decision possibly influenced by Ripple’s ongoing legal issues with the SEC.
BlackRock is the world’s largest asset manager. Its involvement with the field of cryptocurrencies can be traced back years, but it was in June this year when the company got really serious.
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