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Ripple is reportedly considering a partnership with BlackRock to launch a spot XRP ETF.
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Prediction markets now place the odds of an XRP ETF approval by 2025 at 87%.
Ripple is reportedly exploring the possibility of a partnership with asset management giant BlackRock, as optimism grows around the approval of a spot XRP exchange-traded fund (ETF).Â
The development comes after Ripple’s victory in its highly controversial and long-running legal battle with the U.S. Securities and Exchange Commission (SEC), which has opened the door for new institutional interest in XRP.
The legal resolution, which included a $50 million penalty paid by Ripple, has renewed institutional interest in the XRP token.Â
Market analysts note that the company’s regulatory position has improved greatly following the victory, contributing to increased speculation about an eventual ETF filing. XRP remains one of the largest non-stablecoin cryptocurrencies by market capitalization.
Ripple CEO Brad Garlinghouse recently hinted at discussions with BlackRock being possible, leading to expectations of an imminent official filing for an XRP ETF. Given the success of BlackRock’s spot Bitcoin ETF, this would be a milestone event for XRP’s market dynamics, with institutional inflows and demand likely rising.
Market Bets on XRP ETF Approval by 2025
Investor sentiment for the prospects of an XRP ETF has drastically changed. On prediction market platform Polymarket, the likelihood of a spot XRP ETF being approved by December 2025 has increased to 87%, up from 57% two months ago. This optimism is largely hopeful of the removal of legal clarity that has in the past inhibited XRP’s institutional adoption.
The outcome of Ripple’s legal battle with the SEC was a key catalyst. With the case largely resolved and institutional restrictions on XRP sales lifted, market participants see fewer barriers to an ETF approval.Â
Some analysts draw parallels to the bullish price action seen after the approval of spot Bitcoin and Ethereum ETFs earlier this year.
Despite increased optimism, XRP’s price has yet to cross resistance levels. XRP is still at around $2.36 as of march 27, 2025, which is far from its all-time high. Analysts say that ETF approval could be the catalyst needed for a major breakout, especially if it is supported by institutional investment on a massive scale.
As speculation around a Ripple-BlackRock partnership grows, the crypto market is watching closely for signs of formal ETF action—a development that could mark a major shift in XRP’s institutional narrative.