Expert Predicts BlackRock Will Launch XRP ETF as XRP Surpasses BlackRock Market Cap

With XRP overtaking BlackRock in the global assets ranking, Zach Rector voiced a firm conviction that the world’s largest asset manager will eventually launch an XRP ETF

XRP registered a significant rally over the weekend, which saw it overtake BlackRock in the global asset ranking. The cryptocurrency reached a 7-day high of $3.12 yesterday, translating to a market cap of $185.18 billion

XRP Enters Top 100 Global Assets Ranking

This performance catapulted XRP into the top 100 global assets by market cap, while surpassing BlackRock along the way. Despite recording a slight correction to $2.98, XRP continues to rank ahead of BlackRock and remains among the world’s top 100 assets

The reasoning is that with XRP’s soaring valuations in the global asset ranking, the world’s largest asset manager may see value in the cryptocurrency

Rector also issued another bold forecast, speculating that the potential BlackRock XRP ETF will outperform the company’s Ethereum exchange-traded fund (ETHA). At press time, ETHA boasts a total inflow of $12.15 billion, positioning it as the best-performing spot Ethereum ETF globally

No Immediate Plans for XRP ETF

Despite Rector’s bold prediction, BlackRock has continued to dismiss any immediate plans to roll out a spot ETF tied to XRP. The company has yet to show interest in XRP even though several asset managers are vying to launch spot XRP ETFs in the United States

However, many expect the company to change its stance following the conclusion of the Ripple lawsuit, which removed the regulatory tension surrounding the token

Meanwhile, Nate Geraci of NovaDius Wealth Management warned that BlackRock risks losing its dominance in the crypto ETF market if it delays filing for an XRP ETF