Jake Claver, chairman of Digital Ascension Group, said in a recent interview that BlackRock could file for an XRP exchange‑traded fund as the XRP Ledger continues to attract major financial firms.
Growing Institutional Interest in the XRP Ledger
Claver highlighted that an expanding roster of banks and payment processors is testing the XRP Ledger’s settlement features, which could accelerate adoption over the next few months. He noted that the network’s low‑cost, high‑speed capabilities appeal to investors seeking efficient cross‑border solutions. This institutional momentum, he argued, may lay the groundwork for new crypto‑linked products.
BlackRock Expands Its Crypto ETF Suite
BlackRock is set to launch the iShares Bitcoin Premium Income ETF (ticker BITA) on Nasdaq on June 16, 2026, after receiving SEC clearance. The fund will employ a covered‑call strategy tied to BlackRock’s spot Bitcoin ETF (IBIT) and aims to deliver annual yields between 15 % and 25 %. Claver believes that the success of BITA could encourage BlackRock to consider a similar structure for an XRP‑focused ETF, potentially lifting XRP’s price.
Potential Market Impact
If BlackRock proceeds with an XRP ETF, the added legitimacy could draw a wave of institutional capital into the XRP market. Higher demand may push the token’s price upward, benefitting both retail investors and blockchain‑centric firms. Analysts will watch the upcoming BITA launch closely for clues about how BlackRock might shape future crypto products.