WATCH: Recent BlackRock Comments Hint At XRP ETF?

January 13, 2024 11:35 am Comments

Recent comments from BlackRock’s Larry Fink have set the online rumor mill ablaze.

Members of the crypto community are abuzz with speculation regarding a potential XRP ETF.  Following the historic approval of the spot Bitcoin ETFs in America, all eyes are now on more exchange-traded funds focusing on crypto.

During a recent interview on Fox Business, the BlackRock CEO was asked about the possibility of an XRP ETF.

The CEO responded with five simple words: “I can’t talk about that,”  prompting hope-fueled speculation from the XRP Army and the broader crypto community.

Why would Fink decline to talk about it if it wasn’t in the works or at least a possibility for the world’s biggest asset manager? Take a look at Fink’s recent comments on Fox Business:

Cryptopolitan noted:

The conversation around an XRP ETF extends beyond BlackRock. A senior executive from Valkyrie, a company authorized to list a Bitcoin ETF, has also mentioned the possibility of an XRP ETF.

Here are some notable quotes from Charles Gasparino’s recent Fox Business interview with Larry Fink:

“The economy is in a very good position and will get stronger.”

“I believe I could have been more literate when I was talking about ESG. I was talking about sustainability, I was never referring to the other letters.”

 “I commend Bill in what he’s doing…but this should not be a major component of how we move our economy forward.”

“If you’re fearful of your government, or worrying your government is devaluing the currency, then you could see this as a great potential long-term store of value. It’s like digital gold.”

“It is a ledger, but it’s an international ledger that’s cross-border. It’s bigger than any government.”

“The advent of the Bitcoin ETF is an example that we’re legitimizing this asset class.”

On the possibility of an $XRP spot ETF: “I can’t talk about that.”

CNBC also highlighted this statement from Fink:

“ETFs are step one in the technological revolution in the financial markets,” he said. “Step two is going to be the tokenization of every financial asset.”

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