BlackRock CEO’s Enigmatic Response on XRP ETF Sparks Market Speculation
The post BlackRock CEO’s Enigmatic Response on XRP ETF Sparks Market Speculation appeared first on Coinpedia Fintech News
Since a few days, there has been quite an excitement and, rather speculation within the crypto community after Blackrock CEO Larry Fink’s interview with FOX Business correspondent Charles Gasparino.
Fink’s Enigmatic Response
Charles Gasparino, a senior correspondent at FOX Business, specifically questioned Fink about BlackRock’s stance on launching an XRP ETF, especially since the firm has already sought approval for an Ethereum-centered ETF.
When asked about that Fink very intriguingly replies “I can’t talk about it.” Moreover, neither positive nor negative, the response led to speculations among XRP fans who read this lack of a definite answer as an opportunity for discussion.
However, the response of Fink is looked at positively by the members of the XRP community. Fink’s reluctance to make a direct affirmative answer has been seen by many as an evasive tactic since her yes or no answer could impact that of the XRP market.
Valkyrie Executive’s Perspective
A senior member of Valkyrie, one of the firms sanctioned to list a Bitcoin ETF, previously gave hints that an XRP ETF might become available soon. Although the executive expressed doubts about Valkyrie filing for such an ETF, he pointed out that it was a realizable possibility due to the unpredictable financial market.
XRP Community’s Views
While people around the main XRP community are optimistic about one day seeing an XRP ETF as a happy thing, some cannot care less like Versan Aljarrah, founder or Black Swan Capitalist.
Aljarrah contends that XRP is created to be a currency instead of an appropriate building block for an ETF because he sees crypto spot ETFs as mere distractions with possibilities of in-tractability into institutional corruption.
With the SEC’s recent nod to a Bitcoin spot ETF, the crypto market looks closely at what might happen in the ETF space. Larry Fink’s secret response has created a sense of intrigue and anticipation making the future for an XRP ETF seem still very possible.
