BlackRock is also targeting Ripple. The first step for an ETF.
UPDATE: Eric Balchunas contacted BlackRock who refused to register, even though it is present in the Delaware business registry.
UPDATE II: The situation certainly deserves further investigation. Registration is done through officially registered agents and must pass the control of the authorities of Delaware, a jurisdiction that is truly safe in the USA, at least for this type of product.
BREAKING: BlackRock has registered a trust in Delaware that shows the will of the world’s largest asset manager activate the Spot ETF on Ripple. Foundation registration was, for both Bitcoin and Ethereum, the first step to subsequently apply for ETF approval.
A requirement that has already been finalized for Bitcoin and seems to be in its infancy, and is still in its early stages for Ethereum. Few expected an expansion of the iShares/BlackRock offering of this kind.
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Bombshell from BlackRock: Delaware registered trust for XRP
What is it about? From box a company that will then also have to manage any Spot ETF Ripple. It is mode of operation normal (and necessary) for Black rock and for any other manager.
For now, there are no reports of Mr submissionfor which it will still have to be hidden for a few days: if it were to be done as for the other two, first there will be the registration of the stock exchange where shares can be bought and sold, and then the S1 form, which includes all the characteristics of a possible ETF.
Although there is no certainty, the step in the vast majority of cases predicts a submission. Updates will follow if and when the rest of the documentation arrives.
Ripple corresponds with a significant growth of 4%, at the time of this publication breaking newsmore than justified by the importance of the news.
Updates will follow, here and on our social media, as soon as we know more. This is certainly important news for Ripple – which we will also talk about on the sidelines our space in X Wednesday at 9:30 p.mwhich we invite you to follow!