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Crypto

BlackRock Snubs XRP in Favor of Bitcoin and Ethereum

Guavy AI Editorial Team
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BTC ETH XRP
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Financial giant BlackRock has decided not to enter the market for Spot XRP ETFs, opting to focus on Bitcoin (BTC) and Ethereum (ETH) instead. The company's linked wallets withdrew a significant amount of funds in the last 24 hours, with most being allocated to BTC products.

The current value of XRP-based funds in the US stands at $1.4 billion, while Bitcoin ETFs have reached an impressive $98.63 billion. BlackRock anticipates stronger institutional demand and liquidity for XRP in the market.

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