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– Ripple dropped its appeal against the SEC, spurring talk of a possible spot XRP ETF in the U.S., amid analysts raising the odds of approval and XRP’s exchange rate soaring 3.5% . BlackRock may be spearheading the launch of an XRP ETF as legal hurdles recede; whales and institutional investors regain confidence in XRP.

Ripple’s protracted battle with the US Securities and Exchange Commission has finally come to an end, and the crypto community is abuzz with speculation about the consequences. After Ripple officially dropped its appeal against the SEC, many industry experts believe that the road is now open for an XRP ETF to be floated in the U.S., possibly even by asset management giant BlackRock. Optimism has swept the market, and the value of XRP has already reacted, adding more than 3.5% in a matter of hours.

Last Friday, Ripple took a decisive step by dropping its cross-appeal of the XRP lawsuit. This marked the end of a legal battle that had been going on since 2020. Nate Geraci, president of The ETF Store, called the event a major turning point, saying it clears the way for a spot XRP ETF. Now that Ripple is out of the legal red tape, BlackRock and other major players may feel confident enough to consider launching an XRP-based ETF.

BlackRock XRP ETF could be next?

BlackRock has not made any official announcement yet, but speculation is gaining momentum. Previous rumors in April and May 2025 that BlackRock would launch a spot XRP ETF were not confirmed by facts. In fact, BlackRock has consistently stated that it is not yet interested in altcoins like XRP, mainly due to Ripple’s legal troubles with the SEC.

However, building on the resurgence of recent months, analysts at Bloomberg have raised the probability of XRP ETF approval to over 95% , noting that the SEC is taking a more favorable view of altcoin ETF applications.

According to Polymarket, there is now a 78% chance that a spot XRP ETF will be approved before the end of the year, and while the denial game is still going on, there are hints that BlackRock will be the most likely player to take the lead.

As soon as the news of the appeal’s rejection became known, XRP jumped to $3.18, showing an increase of more than 3.5% . This jump was accompanied by $5.

5 million in liquidation of positions, particularly from shorts who bet against the rise. Legal experts such as Fred Rispoli and Bill Morgan praised Ripple’s strategic decision, pointing to growing signs of institutional accumulation, large wallets filling up with XRP, even before the lawsuit ends.

While the U.S. has yet to launch an XRP ETF, Canada has already introduced such a product. The 3iQ XRP ETF recently debuted, quickly reaching $32 million in assets under management, indicating strong demand.

Now all eyes are on the U.S. and whether BlackRock is ready to take the next big step.

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