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December 14, 2024

No Plans for an XRP ETF: Clarity from BlackRock

Recent developments, including XRP ETF filings and changes in SEC leadership, have fueled speculation about an XRP ETF launch. However, BlackRock’s ETF department head Jay Jacobs clarified that the company has no intention of filing an ETF application for XRP or any other altcoins. This statement brings much-needed clarity amid swirling rumors and aligns with BlackRock’s cautious approach towards alternative cryptocurrencies. Investors should bear in mind that while excitement surrounds XRP ETFs, actual developments remain uncertain until further announcements are made.

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