BlackRock Holds Back on XRP as ETF Rumors Heat Up for Cardano, Polkadot, and Chainlink
BlackRock, the world’s largest asset supervisor, has opted to not file for a U.S. spot XRP ETF in 2025 regardless of the SEC reclassifying XRP as a digital commodity and settling its lawsuit with Ripple.
The resolution comes as opponents such as Grayscale, Bitwise, and 21Shares aggressively pursue XRP ETF approvals, with market analysts projecting inflows between $4.3 billion and $8.4 billion by year-end.
Instead, BlackRock stays targeted on its dominant Bitcoin and Ethereum ETF merchandise, citing restricted institutional demand for altcoins. While the agency stresses warning, critics warn that hesitation might value BlackRock market share as rival funds entice institutional buyers searching for diversified crypto publicity.
Cardano ETF Rumors Drive Market Optimism
Meanwhile, Cardano (ADA) is changing into one of many hottest altcoin tales of September. Grayscale filed an up to date S-1 with the SEC for its proposed Cardano ETF, boosting approval odds on prediction market Polymarket to 87%, up from 63–75%.
The proposed fund would commerce on NYSE Arca, holding ADA straight with Coinbase Custody offering safety. Analysts consider an approval might propel ADA’s worth effectively above $1.00, with potential beneficial properties of 40–55% if institutional inflows materialize.
Beyond ETF hypothesis, Cardano continues to construct fundamentals with ecosystem upgrades such as good contract enhancements and the Midnight privateness protocol.
Polkadot and Chainlink Join the Rally
Polkadot (DOT) and Chainlink (LINK) have additionally captured investor consideration amid ETF buzz and ecosystem progress. DOT, buying and selling round $3.76, has been resilient, with analysts forecasting regular progress towards $4.20 this yr and $6.99–$8.45 in 2026 as adoption of its cross-chain expertise expands.
Chainlink, on the opposite hand, surged previous $23 in late August after the U.S. Department of Commerce introduced it will publish official financial knowledge on-chain utilizing Chainlink’s oracle community.
Bitwise additionally filed for a Chainlink spot ETF, additional fueling bullish sentiment. Analysts see potential for LINK to retest highs close to $30 if momentum holds.
With ETF hypothesis filling the market, BlackRock’s conservative stance on XRP contrasts sharply with the aggressive push by rivals into Cardano, Polkadot, and Chainlink. As SEC selections method this fall, the result might redefine institutional participation within the broader crypto market.
Cover picture from ChatGPT, ADAUSD chart from Tradingview
