A crypto analyst has revealed a timeline for BlackRock, an American multinational investment company, to potentially announce its launch of an XRP Exchange Traded Fund (ETF). The analyst has highlighted key factors that could contribute to the approval of an XRP ETF, including the official resolution of Ripple’s ongoing battle with the United States Securities and Exchange Commission (SEC).
BlackRock XRP ETF Expected Weeks After SEC Battle
In an X (formerly Twitter) post, crypto analyst Ashley Prosper posed a series of compelling questions about BlackRock’s timing for potentially launching an XRP ETF. Delving into the speculation of whether the financial investment company would launch an ETF before or after the conclusion of the SEC and Ripple court case, Ashley shared his anticipation, predicting that “the announcement would come within weeks of the court case ending.”
The analyst’s prediction adds an extra layer of anticipation in the already closely watched legal battle between Ripple and the SEC. Earlier in 2020, the US SEC filed a lawsuit against Riople, accusing the crypto payments company of allegedly violating securities laws by selling XRP in an unregistered security offering.
Despite the backlash and developmental setbacks Ripple experienced due to the lawsuit, the company has been actively defending its position against the SEC’s claims. Notably, Ripple gained a
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Author: Scott Matherson
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