"Bill Morgan Declares That XRP Will Remain Non-Security Throughout Its Existence"
In the wake of Ripple's courtroom victory and settlement with the Securities and Exchange Commission (SEC) in August 2025, speculation about a potential XRP Exchange Traded Fund (ETF) has been stirring. However, BlackRock, one of the world's largest asset managers, has confirmed it currently has no plans to file for a spot XRP ETF.
The legal hurdles that once surrounded XRP have been cleared, yet BlackRock remains focused on Bitcoin and Ethereum ETFs. The firm's cautious approach to expanding into other crypto ETFs is being viewed by some industry observers as temporary, with the eventual entry into the XRP ETF space considered inevitable given market demand and institutionalization trends.
BlackRock is reportedly keeping a close eye on market conditions and liquidity, with expectations that an XRP ETF approval could occur later in 2025 or beyond, aligning with their strategic timing.
The market for XRP has seen a significant surge following the court victory. Daily trading volume exploded by 168% to over $11 billion, and the token's price jumped 13% to $3.35. If BlackRock were to file for an XRP ETF, it would further cement the token's legitimacy in the eyes of institutional investors.
Meanwhile, the focus for XRP shifts to institutional adoption, including potential ETF filings, banking integrations, and renewed DeFi/merchant utility. Lawyer Bill Morgan, a vocal supporter of XRP, has declared that XRP is not a security and congratulated the XRP community for holding the line through years of uncertainty.
However, the XRP market isn't without controversy. A viral post on the internet has labeled XRP as a "Pre-Mined Banker Scam." The context and source of this post remain unclear. Additionally, Adam Livingston, a figure in the Bitcoin community, accused Ripple of financial abuse against XRP investors. Ripple's CEO, Brad Garlinghouse, responded to these accusations, stating that they are baseless and misleading.
Moreover, Morgan, a well-known figure in the crypto space, called the SEC's prolonged legal push against Ripple a "collateral attack" on the asset itself. He also criticized certain Bitcoin advocates for what he sees as serial detraction of XRP.
In summary, despite the legal clarity from Ripple's victory, BlackRock remains on the sidelines for now with no official XRP ETF filing planned. The focus for XRP now shifts to institutional adoption and overcoming the lingering controversies surrounding the asset.
- The success of Ripple in settling with the SEC has opened the door for potential XRP Exchange Traded Funds (ETFs), but BlackRock, a key player in finance and technology, has yet to file for a spot XRP ETF, focusing instead on Bitcoin and Ethereum ETFs.
- If BlackRock were to enter the XRP ETF market, it could further legitimize XRP in the eyes of institutional investors, given the significant surge in the XRP market following Ripple's court victory.
- Amidst the potential for institutional adoption and the pursuit of ETF filings, the XRP market still faces controversy, with labels like "Pre-Mined Banker Scam" circulating online and accusations of financial abuse against XRP investors.
