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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
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SEC - Ripple Lawsuit Ends: Will BlackRock Submit an XRP ETF Application? Are They Working Together with Ripple? Major Claim from the ETF Analyst!
SEC - Ripple case has now reached its conclusion. Last week, Ripple CEO Brad Garlinghouse announced that the SEC would withdraw its appeal, and yesterday Ripple also withdrew its counter-appeal.
Ultimately, the SEC - Ripple case will conclude with Ripple's payment of 50 million. The SEC will hold onto the 50 million dollars, and Ripple will recover 75 million from the 125 million dollar fine it paid after the court ruling.
With the conclusion of the lawsuit, all eyes are now on the future of XRP and the XRP ETF approval, with Polymarket data showing that there is an 85% chance of an XRP ETF being approved by the end of 2025.
As the likelihood of the XRP ETF approval increases, the CEO of Ripple sparked speculation in a recent interview that BlackRock may file for an XRP ETF.
Garlinghouse was asked whether they are collaborating with BlackRock to launch the XRP ETF. The famous CEO did not explicitly confirm a partnership with BlackRock, but his statement, "We believe that the submission makes sense for the XRP community," led to increased speculation.
"Two Giant Worlds Will Not Ignore XRP!"
As BlackRock's XRP ETF application is eagerly awaited, prominent ETF analyst Nate Geraci claimed that both BlackRock and Fidelity will participate in the XRP ETF race.
ETF Store founder Nate Geraci stated on X that he views the approval of the XRP ETF as a certainty, noting that approval is just a matter of time.
Nate Geraci's confidence in the approval of the XRP ETF stems from the conclusion of the Ripple lawsuit, arguing that BlackRock and Fidelity will not ignore XRP becoming the third largest cryptocurrency and will eventually file for an XRP ETF.