BlackRock still has no plans for an XRP ETF, and one analyst calls that a bearish signal

BlackRock, the asset manager overseeing roughly $15 trillion, still has no plans to launch a spot XRP ETF. The firm first said so in August 2025 and has held that position through late September 2026. A recent Motley Fool analysis argues that BlackRock’s absence is reason enough to be bearish on the token for now. What BlackRock has actually said In August 2025, after Ripple’s long-running lawsuit with the SEC was resolved, the firm said it had no plans for either an XRP or a Solana ETF. The firm has kept its crypto ETF lineup focused on Bitcoin and Ethereum, two markets where it has launched products and now dominates in the US. In September 2025, Robbie Mitchnick, BlackRock’s head of digital assets, laid out a five-factor framework the firm uses to evaluate new crypto ETFs. Those factors are client demand, market value, liquidity, maturity and portfolio fit. Mitchnick ranked client demand as the most important of the five. By BlackRock’s own criteria, XRP does not currently clear the bar. The firm appears to view the token as falling short on market maturity, liquidity and fit within client portfolios. The XRP ETF market is moving on without it Seven US issuers have already launc...