The cryptocurrency world is closely watching developments around the potential launch of an XRP Exchange Traded Fund (ETF), with two key dates emerging as pivotal moments: May 1 and June 9, 2025. These dates, revealed by an insider and shared by crypto analyst Altcoin Bale, have sparked renewed speculation about when—and if—the U.S. Securities and Exchange Commission (SEC) might greenlight an XRP ETF.
While multiple asset managers like Grayscale, Bitwise, and Canary Capital have already filed applications, all eyes remain on BlackRock, the world’s largest asset manager with over $11.5 trillion in assets under management. Despite its aggressive moves in the Bitcoin and Ethereum ETF space, BlackRock has remained silent on XRP—until now.
👉 Discover what could trigger the next major move in XRP’s price trajectory.
Why Hasn’t BlackRock Filed for an XRP ETF Yet?
BlackRock’s absence from the XRP ETF race has raised questions across the crypto community. However, several strategic and regulatory factors may explain its cautious approach.
Focus on Market Leaders: BTC and ETH Take Priority
One of the most compelling reasons for BlackRock’s silence lies in its current focus on Bitcoin (BTC) and Ethereum (ETH)—the two largest cryptocurrencies by market cap. As of April 20, 2025, BlackRock’s iShares Bitcoin Trust (IBIT) had amassed $30 billion in assets under management, while its Ethereum ETF surpassed $1 billion just two months after launch.
This success reflects strong institutional and client demand. In a December 2024 post on X (formerly Twitter), Bloomberg ETF analyst Eric Balchunas shared insights from Jay Jacobs, Head of BlackRock’s ETF division:
"We’re really just at the tip of the iceberg with Bitcoin and especially Ethereum. Just a tiny fraction of our clients own ($IBIT and $ETHA), so that’s what we’re focused on (vs launching new altcoin ETFs)."
This statement underscores a clear strategy: consolidate dominance in the top-tier digital assets before expanding into alternative coins like XRP.
Regulatory Caution in the Wake of Ripple’s SEC Case
Although the SEC vs. Ripple lawsuit concluded in 2024 with a partial victory for Ripple—clarifying that XRP is not inherently a security—regulatory uncertainty still lingers in the eyes of major institutions.
For firms like BlackRock, compliance risk is a top concern. Entering the XRP market prematurely could invite scrutiny or reputational damage, especially if future regulatory interpretations shift. As such, waiting for broader clarity—or even a precedent-setting approval of another XRP ETF—may be part of a calculated delay.
Limited Client Demand and Market Share
Another critical factor is client demand. According to insights from the XRP-focused account All Things XRP, BlackRock executives have indicated that only BTC and ETH currently meet their internal thresholds for demand, liquidity, and legal clarity.
From a market share perspective, Bitcoin dominates with 63.25%, followed by Ethereum at 7.37%. In contrast, XRP holds 4.48%, placing it outside the top tier in terms of adoption and trading volume among institutions.
With limited pressure from its investor base and stronger opportunities elsewhere, BlackRock appears content to wait for more favorable conditions before making a move.
👉 See how institutional interest could reshape XRP’s future in 2025.
What Could Happen on May 1 and June 9?
The insider-revealed dates—May 1 and June 9—are believed to be tied to upcoming SEC decisions on various XRP ETF applications. While no official confirmation has been made, these dates align with the typical SEC review cycles for ETF filings.
- May 1, 2025: Potentially marks a preliminary decision deadline for one or more initial XRP ETF proposals.
- June 9, 2025: Could signal a final ruling date for another batch of applications, possibly including submissions from smaller asset managers aiming to break ground before giants like BlackRock enter.
If any application receives approval—even without BlackRock’s involvement—it could serve as a catalyst for broader institutional adoption and trigger a surge in XRP’s price.
Could an XRP ETF Push Price to $15?
Market analysts have speculated that a successful ETF launch could propel XRP price to $15, driven by increased liquidity, institutional inflows, and improved market sentiment.
This projection is based on:
- Historical patterns seen with BTC and ETH ETF approvals.
- Projected asset inflows into newly approved funds.
- The relatively low market cap of XRP compared to Bitcoin and Ethereum.
While $15 remains an ambitious target, it reflects growing confidence in XRP’s long-term utility, particularly in cross-border payments and financial settlement systems where Ripple has established partnerships globally.
Key Keywords Identified
- XRP ETF
- BlackRock
- SEC decision
- XRP price prediction
- May 1 2025
- June 9 2025
- Institutional adoption
- Crypto ETF
These keywords have been naturally integrated throughout the article to support SEO performance while maintaining readability and relevance.
Frequently Asked Questions (FAQ)
Q: Is BlackRock officially filing for an XRP ETF?
A: As of now, there is no public filing from BlackRock for an XRP ETF. However, insider reports suggest they may be monitoring key SEC decision dates in May and June 2025 before taking action.
Q: What happens if an XRP ETF is approved?
A: Approval would likely increase investor access to XRP through traditional financial channels, boosting liquidity, visibility, and potentially driving up the price due to institutional inflows.
Q: Why is the SEC cautious about approving an XRP ETF?
A: Although the Ripple lawsuit clarified some aspects of XRP’s status, regulators remain cautious about classifying digital assets. The SEC wants clear frameworks before approving products tied to altcoins with past legal disputes.
Q: Could another company launch an XRP ETF before BlackRock?
A: Yes. Asset managers like Grayscale and Bitwise have already submitted applications. One of them could receive approval first, paving the way for larger players like BlackRock to follow.
Q: How might an XRP ETF affect the broader crypto market?
A: An approved XRP ETF would signal growing regulatory acceptance of altcoins beyond Bitcoin and Ethereum, potentially accelerating ETF filings for other major cryptocurrencies.
Q: What should investors watch between now and June 9?
A: Key indicators include SEC announcements, updates from filing asset managers, trading volume spikes in XRP, and any statements from BlackRock regarding altcoin ETF strategies.
👉 Stay ahead of the next crypto breakthrough—monitor real-time data and trends here.
Final Thoughts
The road to an XRP ETF remains uncertain but increasingly promising. With May 1 and June 9, 2025 looming as potential turning points, the crypto community is on high alert for any signs of movement from the SEC or major financial institutions.
While BlackRock remains focused on Bitcoin and Ethereum for now, its eventual entry into the XRP space could be transformative. For investors, staying informed about regulatory developments, market sentiment, and institutional interest will be crucial in navigating what could be a pivotal year for digital assets.
Whether you're tracking price movements or evaluating long-term adoption potential, one thing is clear: 2025 could be the year XRP takes center stage in the ETF revolution.