after Spot Bitcoin ETF Approved, speculation about the potential of an XRP spot ETF continues to grow in the cryptocurrency community. However, recent reports have suggested that a clear outlook for this is lacking. XRP ETF The future.
In particular, Charles Gasparino, an American journalist and senior correspondent for Fox Business, stated that BlackRock has dismissed the possibility of applying for an XRP ETF.
There is no outlook for the XRP ETF
In a recent X (formerly Twitter) post, Gasparino said: published BlackRock, one of the world’s leading investment firms, has reportedly declared that it has “no plans” for an XRP ETF. The shocking news, shared on Thursday, January 18, drew a swift but unfavorable reaction from the XRP community. Interestingly, this disclosure follows BlackRock CEO Larry Fink’s recent difficult-to-understand comments about the XRP ETF.
In a Fox Business interview with Gasparino, Fink was faced with the following question: XRP spot ETF launched. However, the BlackRock representative immediately responded, “I can’t say that!” The elusive response sparked debate in the cryptocurrency community as experts attempted to probe Fink’s words for hidden implications for the XRP ETF.
BlackRock has not made any definitive statements about an XRP ETF, but Gasparino confirmed that an individual with direct knowledge of the matter has confirmed that the investment firm has ruled out an XRP ETF. American journalist published Late last week, Fink gave his noncommittal answer to Gasparino’s question about a potential XRP due to his lack of in-depth knowledge about the cryptocurrency. BlackRock XRP ETF.
Fox Business senior reporter exposed Today he will engage in a detailed discussion with Fox Business anchorwoman Liz Claman to examine why BlackRock supposedly has no intention of having an XRP spot ETF.
Token price at $0.54 | Source: XRPUSD On Tradingview.com
XRP price falls further
recent bearish trend The rise in Bitcoin price has had a boomerang effect on several major cryptocurrencies on the market. Even though prices remain the same stagnant For several months now, XRP has not been exempt from this bearish sentiment. additionally, XRP ETF Rumors Cryptocurrencies could not be protected from significant price corrections.
Recently, XRP witnessed a significant decline, falling below the critical support level of $0.55. highlighted Written by cryptocurrency analyst Ali Martinez. As of this writing, the cryptocurrency is currently trading at $0.549, according to CoinMarketCap.
Martinez stated that failure to hold the $0.55 support level could potentially trigger a massive selling phase that could see the XRP price. falling towards the $0.34 price mark.
Featured image from CoinGecko, chart from Tradingview.com