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BlackRock is at the center of the speculative fervor in the cryptocurrency community over the possibility of a spot XRP exchange-traded fund (ETF). The world’s biggest asset manager has made strategic moves in digital assets, and any indication of interest causes market tremors.

BlackRock’s Global Head of Digital Assets, Robbie Mitchnick, was questioned by ETF Store president Nate Geraci about the company’s strategy for future crypto ETF products, including the potential for spot XRP and Solana funds, during an interview featured by Good Morning Crypto host Abdullah Nassif.

After a formal regulatory framework is established, Geraci speculated that BlackRock may be holding off on applying until the last minute.

Mitchnick’s response highlighted BlackRock’s well-known prudence. He explained that the main factors influencing any new product launch remain market conditions and investor demand. BlackRock will only consider filing for an XRP ETF when based on client interest, market maturity, liquidity, and the strength of the asset’s long-term investment thesis. This is the same careful approach the company used to build infrastructure and exposure quietly before launching its successful spot Bitcoin ETF.

XRP faces specific regulatory hurdles, despite the SEC’s recent adoption of general listing standards that hasten the approval process for spot crypto ETFs.

Mitchnick acknowledged that BlackRock closely monitors regulatory changes, although Ripple and major U.S. financial institutions have stayed cautious due to ongoing concerns about XRP’s classification, even after the SEC’s lengthy legal battle ended.