BlackRock, the world's largest asset manager, is evaluating the potential launch of a spot XRP ETF, contingent on several key factors. Robbie Mitchnick, BlackRock's Head of Digital Assets, stated that the decision would hinge on client demand, market capitalization, liquidity, and alignment with broader client strategies. XRP, with a market cap of $165.08 billion, is increasingly meeting these criteria, particularly following the resolution of its SEC lawsuit. The recent performance of the REX-Osprey XRP ETF, which recorded $37.5 million in trading volume on its first day, underscores the rising interest in XRP ETFs. The SEC is anticipated to make decisions on multiple XRP ETF proposals in the coming months, potentially paving the way for BlackRock's entry into this market.