BlackRock Could File for XRP ETF Amid Growing Institutional Interest

Financial industry expert Jake Claver believes that BlackRock may eventually file for an XRP ETF, citing growing institutional interest in the XRP Ledger.

Claver's comments come as BlackRock prepares to expand its cryptocurrency ETF lineup, with the iShares Bitcoin Premium Income ETF (BITA) set to begin trading on Nasdaq on June 16 after receiving approval from the U.S. Securities and Exchange Commission.

The fund is designed to generate income through a covered-call strategy linked to BlackRock's spot Bitcoin ETF, IBIT, while targeting annual yields between 15% and 25%.

Claver argues that stronger usage of the blockchain could support higher XRP prices and create conditions for additional institutional products tied to the asset.