🚨 BlackRock just revealed what it would take to move beyond Bitcoin and Ethereum @BlackRock head of digital assets Robbie Mitchnick says the firm is deliberately selective with crypto ETFs and is evaluating other assets based on liquidity, market size, maturity, investment narrative and client demand. 👉 BlackRock currently has only 5 crypto ETPs globally, all tied to bitcoin:native and $ETH 👉 Firm says it does not plan to launch dozens of single-token ETFs 👉 Additional products remain possible if demand and market conditions are strong enough For ripple:native, client demand looks like the biggest piece to watch. Current XRP ETF assets are still much smaller than BlackRock IBIT trading activity, so scale and sustained liquidity likely matter before BlackRock enters. Mitchnick also has prior history with Ripple, including a 2017 summer associate role and later research involving XRP, but there is no public evidence that this means BlackRock currently has an XRP ETF planned. #XRP #BlackRock #Crypto
CryptoSenseiShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.