BlackRock XRP ETF Rumors Return as Institutional Use Cited

Jake Claver, chair of Digital Ascension Group, suggested on June 15 that BlackRock could eventually file for a spot XRP exchange-traded fund and tied that possibility to wider use of the XRP Ledger, asset tokenization and institutional settlement infrastructure.

Claver framed an ETF as one element of a larger case for XRP, saying banks, custodians and other institutions would need confidence in liquidity and price stability before using the token for large transactions.

He noted that the Society for Worldwide Interbank Financial Telecommunication and the Depository Trust & Clearing Corporation planned initiatives related to real-time settlement for June 28. Claver added that broader institutional deployment would likely require a substantially higher XRP market price.

Claver said, “I think that we could see a BlackRock ETF.” He later predicted: “Within the next couple of weeks, I think that we may need to see a significantly higher price for XRP in order for them to actually start using it in that capacity.”

The comments follow earlier industry discussion about major asset managers moving beyond bitcoin and ether ETFs. An industry analyst previously expected a BlackRock filing; BlackRock later clarified it had no plans to file for an XRP ETF at that time. BlackRock currently offers the iShares Bitcoin Trust and the iShares Ethereum Trust.

Market participants are monitoring regulatory signals, ETF filings and infrastructure announcements for indications that institutional demand for XRP and settlement-focused tokenization is developing.