BlackRock Drops XRP and Solana ETFs, Focuses Only on BTC and ETH

• BlackRock Focuses on Bitcoin and Ethereum ETFs
• XRP and Solana out of immediate plans
• Competitors can gain market share with altcoins

BlackRock confirmed on August 8, 2025, that it has no immediate plans to register spot ETFs for XRP or Solana (SOL), choosing to maintain focus on its already established products with Bitcoin and Ethereum.

The decision comes shortly after the resolution of the dispute between Ripple and the SEC, which ended the legal dispute and reduced regulatory uncertainty. Still, the asset manager preferred to maintain distance, reinforcing a conservative stance given the complexities still surrounding altcoins like XRP and SOL.

Industry experts point out that this decision could open the door for competitors to gain market share. Nate Geraci, president of NovaDius Wealth, noted that this "strategic limitation" by BlackRock could allow other asset managers to get ahead in offering ETFs for these cryptocurrencies.

Despite this, some analysts don't rule out a potential change of direction. After the Ripple lawsuit was settled, expectations arose that BlackRock might consider an XRP ETF, taking advantage of the end of the legal impasse. However, so far, the company has maintained its decision to prioritize established assets.

The asset manager's stance resonated with the cryptocurrency market, reinforcing the view that institutional liquidity remains concentrated in assets with greater acceptance and a more robust regulatory framework. Meanwhile, applications for XRP and SOL ETFs filed by other companies in the sector are still awaiting SEC review.