Is BlackRock Sidelining XRP? New Launches Shift Focus To Another Blockchain

Bitcoinist05-12

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The world’s largest asset manager, BlackRock, has picked Ethereum over the XRP Ledger (XRPL) as it ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2635240405?lang=en_US&edition=fundamental","thumbnail":"https://bitcoinist.com/wp-content/uploads/2026/05/XRP-from-Freepik-4-1.avif?resize=350,250","is_english":true,"pubTime":"2026-05-12 23:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2635240405","market":"nz","top_or_hot":-1,"title":"Is BlackRock Sidelining XRP? New Launches Shift Focus To Another Blockchain","media":"Bitcoinist","content":"<div>\n<p>Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nThe world’s largest asset manager, BlackRock, has picked Ethereum over the XRP Ledger (XRPL) as it ...</p>\n\n<a href=\"https://bitcoinist.com/is-blackrock-sidelining-xrp/\">Source Link</a>\n\n</div>\n","source":"bitcoinist_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is BlackRock Sidelining XRP? New Launches Shift Focus To Another Blockchain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs BlackRock Sidelining XRP? New Launches Shift Focus To Another Blockchain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-12 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://bitcoinist.com/is-blackrock-sidelining-xrp/><strong>Bitcoinist</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nThe world’s largest asset manager, BlackRock, has picked Ethereum over the XRP Ledger (XRPL) as it ...</p>\n\n<a href=\"https://bitcoinist.com/is-blackrock-sidelining-xrp/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHT","symbol_name":"ProShares Ultra Ether ETF","start_time":0,"source_url":"https://bitcoinist.com/is-blackrock-sidelining-xrp/","article_id":"2635240405","we_media_id":null,"thumbnails":["https://bitcoinist.com/wp-content/uploads/2026/05/XRP-from-Freepik-4-1.avif?resize=350,250"],"rights":{"source":"bitcoinist_highlight","url":"https://bitcoinist.com/is-blackrock-sidelining-xrp/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2635240405","pubTimestamp":1778599851,"columns":[],"sourceInfo":{"source_id":"bitcoinist_highlight","name":"Bitcoinst"},"weMediaInfo":null,"summary":"The world’s largest asset manager, BlackRock, has picked Ethereum over the XRP Ledger (XRPL) as it plans to launch two...","collect":0,"end_time":0,"defaultTopTitle":"bitcoinist.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHT":"ProShares Ultra Ether ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","ETHU":"2倍以太币期货ETF-Volatility Shares","ETHV":"以太坊ETF-VanEck","ETHW":"以太坊ETF-Bitwise","FETH":"以太币ETF-Fidelity","ETH":"低成本以太坊ETF-Grayscale","YETH":"Roundhill Ether Covered Call Strategy ETF","ETHA":"以太坊ETF-iShares","EETH":"以太币期货ETF-ProShares","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","EZET":"以太坊ETF-Franklin","ETHD":"ProShares UltraShort Ether ETF","ETHE":"最大以太坊ETF-Grayscale","BTF":"比特币&以太币期货ETF-CoinShares","QETH":"以太坊ETF-Invesco Galaxy","ETHI":"Defiance Leveraged Long Income Ethereum ETF","SETH":"1倍做空以太币期货ETF-Proshares","ETCO":"Grayscale Ethereum Covered Call ETF"},"translate_title":"贝莱德正在排挤XRP吗？新发布将焦点转移到另一个区块链","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETH":0.6,"ETQ":0.6,"SETH":0.6,"ETHU":0.6,"ETHW":0.6,"QETH":0.6,"ETHI":0.6,"YETH":0.6,"ETHE":0.6,"EZET":0.6,"ETHA":0.6,"ETHT":0.6,"ETHV":0.6,"EETH":0.6,"ETU":0.6,"FETH":0.6,"ETCO":0.6,"ETHD":0.6,"BTF":0.6},"content_text":"Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nThe world’s largest asset manager, BlackRock, has picked Ethereum over the XRP Ledger (XRPL) as it plans to launch two tokenized money-market funds. These funds will target stablecoin holders as BlackRock continues to expand its crypto offerings. \nBlackRock Picks Ethereum Over XRP Ledger For New Funds\nAccording to a Bloomberg report, BlackRock has filed with the U.S. SEC to launch two tokenized money market funds. The first fund will be tokenized shares of its BlackRock Select Treasury-Based Liquidity Fund (BSTBL), which will launch on the Ethereum network. Meanwhile, the second fund, the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), will launch on multiple chains, although the asset manager didn’t specify if the Ledger will be included.  \n\n\n\n\n\n\nRelated Reading: A Perfect Match: How BlackRock And Mastercard Are Tapping XRP To Dominate DeFi\nThe BSTBL fund is an ideal investment for stablecoin issuers seeking to boost their reserve assets, as it invests in cash, U.S. Treasury bills, notes, and securities that mature within 93 days. BlackRock’s second tokenized fund also targets these stablecoin issuers and stablecoin holders who rely more on self-custody. \nThe imminent launch of these tokenized funds will further expand BlackRock’s tokenized offerings, with the asset manager already offering the BUIDL fund, a tokenized U.S. Treasury. The fund is on several networks, with the most circulating supply on the Ethereum network. Despite being on several networks, BlackRock hasn’t expanded this fund to the Ledger, even though Ripple’s RLUSD is one of the off-ramps for the fund. \nMeanwhile, BlackRock is also known to offer Bitcoin and Ethereum ETFs and has suggested that it has no plans to file for an XRP ETF anytime soon, despite speculations. Bloomberg analyst James Seyffart also recently opined that BlackRock is unlikely to file for an XRP ETF anytime soon. Instead, he sees the asset manager filing for an active crypto index fund, although this could also include XRP. \n\n\n\n\n\n\n\n\n\n\n\n\nThe Ledger Still Seeing Significant Growth\nThe XRP Ledger continues to see significant growth in tokenized value. RWA.xyz data shows that the total RWA value on the network is up over almost 47% in the last 30 days, rising to $3.5 billion. During the same period, Ethereum’s total RWA value has dropped by 4% to $16.8 billion. \nRelated Reading: Why May 14 Is An Important Date For XRP And A $20 Trillion Influx\nAnother positive for the Ledger is that tokenized assets on the network are seeing increased trading volume. Notably, the trading volume of tokenized U.S. Treasuries has surged past $352 million this year, up 5x from last year’s $70 million. Ondo Finance and Ripple recently partnered to complete the first cross-border tokenized U.S. Treasury settlement using Ondo’s tokenized OUSG fund on the Ledger. \n\n\n\n\n\n\n\n\n\n\n\n\nAt the time of writing, the XRP price is currently trading at around $1.46, up in the last 24 hours, according to data from CoinMarketCap.\nXRP trading at $1.46 on the 1D chart | Source: XRPUSDT on Tradingview.com\nFeatured image from Freepik, chart from Tradingview.com\n\n\n\nEditorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635240405","isCrawlerRequest":true}