BlackRock has decided against filing for a spot XRP exchange-traded fund (ETF) in the near term, despite its active involvement in bitcoin and ether ETFs. The decision follows a recent move by the U.S. SEC and Ripple Labs to dismiss their appeals, which could conclude a lengthy legal dispute. BlackRock cites limited client interest beyond BTC and ETH, regulatory uncertainties, and a competitive market as reasons for its reluctance. The firm is also wary of the operational costs and market demand for XRP, noting that a significant portion of its trading volume is concentrated in Asia. As of August 2025, XRP was trading at $3.1852, reflecting a 3.92% decline over the past 24 hours.