Will BlackRock’s XRP ETF Game Plan Outsmart the SEC? 🤔

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Crypto market analysts are betting big on BlackRock, the world’s largest asset manager, to shake things up with a spot XRP ETF. Like, can you imagine the SEC saying no to BlackRock? The XRP community is holding its breath as the U.S. Securities and Exchange Commission (SEC) keeps pushing back the decision on ETF filings from Canary Capital and Grayscale. 🕰️

BlackRock: The Crypto Chess Master?

On Tuesday, March 11, the US SEC decided to take a little siesta on the Canary spot XRP ETF and the Grayscale ETF, along with a few other Solana ETFs from Canary and VanEck. Bill Morgan, a crypto lawyer with more swagger than a pirate, is speculating that BlackRock might see these delays as a golden opportunity. 🏆

Morgan thinks BlackRock could be biding its time, waiting to file an XRP ETF and swoop in like a superhero to save the day. Because, you know, who doesn’t love a good superhero story? 🦸‍♂️

While BlackRock hasn’t exactly hinted at an XRP ETF anytime soon, the market is buzzing with hope. Like, can you hear the crickets? 🦗

Franklin Templeton: The New Kid on the Block

Despite the SEC’s love for the snooze button, the $1.5 trillion asset manager Franklin Templeton decided to throw its hat in the ring with an XRP ETF application. Coinbase Custody Trust Company will be the custodian, ensuring the XRP is stored more securely than a Fort Knox vault. 🏦

This move is a big deal, folks. Franklin Templeton is joining the crypto ETF party, and it’s bringing a whole lot of excitement. 🎉

With the new SEC regime and the Trump administration in charge, market analysts are crossing their fingers for an XRP ETF. But BlackRock might be playing it cool, waiting for the Ripple lawsuit to settle. Some analysts think the settlement could happen before Ripple’s appellate brief on April 16, 2025. 📜

XRP: The Rising Star

XRP is up 5% today, and open interest has surged 2.28% to $3 billion. The 24-hour liquidations have hit $13.85 million, with more than $7 million in short liquidations. Mikybull Crypto is calling XRP one of the strongest performers, despite the market downturn. 📈

Mikybull points to a daily bullish divergence on XRP’s chart, hinting at a potential rally. Once the broader market starts to recover, XRP could be the star of the show. 🌟

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2025-03-12 12:34