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BlackRock

SEC Punts on BlackRock Ethereum ETF Staking, Franklin XRP and Solana Fund Decisions

by admin September 11, 2025

In brief

The SEC pushed back its deadline on staking in the BlackRock iShares Ethereum Trust to October 30, a 45-day delay.
The regulator also delayed its decision on Franklin Templeton XRP and Solana funds by 60 days to November 14.
In recent weeks, the agency has postponed decisions on rule change requests that would permit the listing of various spot altcoin funds and the addition of staking to current Ethereum ETFs.

The U.S. Security and Exchange Commission has delayed its decisions on the addition of staking to BlackRock’s iShares spot Ethereum exchange-traded fund, and on Franklin Templeton proposals for separate funds tracking the performance of Solana and XRP, according to filings the agency submitted Wednesday.

The SEC extended its deadline for addressing a rule change request by the Nasdaq exchange for staking in the iShares Ethereum Trust (ETHA) to October 30, a 45-day postponement from its original schedule.

It also pushed back its decision on 19b-4 rule change filings by Cboe that would allow the listing of the Franklin Templeton Solana ETF and Franklin Templeton XRP ETF to November 14, a 60-day deferral.

The latest filings follow a slew of SEC delays in recent weeks on proposals for altcoin funds. On Tuesday, the regulator put off ruling on Nasdaq’s bid to list the Grayscale Hedera Trust to November 12, also 60 days.

Last month, the SEC also held up resolving a request to add staking to the the 21Shares Core Ethereum ETF, which tracks the price of the second-largest cryptocurrency by market value.

At that time, it also moved back its decision on an application by Donald Trump’s media and technology company by 45 days to Oct. 8 for a Truth Social Bitcoin and Ethereum ETF that would track the two largest cryptocurrencies by market value.

And it announced identical delays for applications filed for spot XRP funds by Grayscale, CoinShares, Canary Capital, Bitwise, and 21Shares, a spot Dogecoin ETF from Grayscale, and a spot Litecoin product from CoinShares. The dates for potential approvals of those funds vary.

Those announcements followed delayed decisions on Solana ETFs from Bitwise, 21Shares, and VanEck, and a Dogecoin fund from 21Shares. Before August ended, the SEC was weighing 90 crypto ETF applications, which spanned a range of assets.

Bloomberg Senior ETF Analyst Eric Balchunas told Decrypt that the latest delays were consistent with the regulator’s recent approach, likely timing approvals of proposed altcoin ETFs and Ethereum staking after likely green-lighting proposals filed in July by Cboe and NYSE.

Those exchanges asked the SEC to approve amendments that could significantly shorten the approval process for future crypto exchange-traded funds, automatically listing certain products without requiring case-by-case filings.

In separate filings, the exchanges requested changes to their listing standards that would allow certain crypto ETFs to be listed without enduring the SEC’s rigorous evaluation, a process that requires exchanges to submit proposed rule changes. Under current guidelines, reviews of proposed changes to funds could take 240 days.

“They’ve been punting and punting […] and we expect them to keep putting everything off until the generic listing standards are done,” Balchunas said. “That is what we think will happen, probably in early October. After that, we expect a flood of ETFs probably in a couple months.”

He added: “We expect ETH staking to be part of it. This SEC showed every sign of being interested in working with the issuers and solving problems.”

Bloomberg analysts have predicted a more than 95% probability of Solana and XRP ETFs receiving approval this year. Balchunas described the odds on staking as “pretty high,” as well.

“We think they’ll allow that, too,” he said.

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September 11, 2025 0 comments

Crypto Trends

Rumors Of BlackRock Buying XRP Via Coinbase Makes Waves. Is An XRP ETF Filing Coming?

by admin September 11, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ripple community is once again caught up in speculation after data showed a steep drop in Coinbase’s XRP holdings. Instead of seeing it as a sell-off, some commentators believe the decline could be linked to BlackRock quietly moving into position through Coinbase Custody. The rumors are persistent, even though BlackRock has already shot down earlier claims about a Spot XRP ETF filing. Nonetheless, this has left many to wonder if there’s more happening behind the scenes than the company is willing to admit.

Coinbase’s Holdings And BlackRock Rumor

Recent on-chain data revealed that Coinbase’s XRP stash has decreased drastically since the second quarter of 2025. This decrease has seen the amount of coins held by Coinbase fall from 780.13 million to about 199 million, with a 57% fall in August alone.

Considering the scale of this decline, the movement has stirred up different rumors. Some investors are of the notion that these are actually intended sell-offs by Coinbase, while others are of the notion that they are only strategic transfers involving institutions. Crypto analyst Crypto X AiMan addressed the situation in a video posted on the social media platform X, where he noted that Coinbase is not dumping the coin, despite claims circulating within the community.

According to the analyst, the reduction is more likely linked to BlackRock, and his team had previously highlighted multiple BlackRock-XRP connections. As such, he admonished investors not to interpret the drop in Coinbase’s wallets as bearish but rather as a sign of shifting custody arrangements, possibly connected to the world’s largest asset manager.

BlackRock’s Position On An XRP ETF

Comments about BlackRock’s interest in the digital asset are growing louder each day, but it is worth noting that the company has already denied reports of filing for a Spot XRP ETF. A company spokesperson for BlackRock recently clarified that no such product has been filed with the SEC.

Nevertheless, the decrease in Coinbase’s wallets coincides with recent developments involving BlackRock’s partnership with Coinbase, which suggests that an official move relating to a Spot XRP ETF could be in the works. Given BlackRock’s embrace of other crypto ETFs, including Bitcoin and Ethereum, it is only a matter of time before the altcoin joins the lineup.

Although BlackRock has not confirmed any intentions, the rumors alone have increased interest among many holders, as shown by comments on social media. As many as eight other asset managers have filed for a Spot XRP ETF with the SEC, and many investors are still anticipating that a formal filing might arrive sooner than expected.

At the time of writing, the connection between Coinbase’s reduced holdings and BlackRock is speculative, but as the third-largest crypto by market cap, the idea of Spot XRP ETFs hitting the market soon should not be ruled out.

Price trading at $2.97 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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September 11, 2025 0 comments

GameFi Guides

BlackRock Exec Pitches Hyperliquid on Ethena’s Stablecoin Proposal

by admin September 10, 2025

In brief

Ethena presented a proposal for Hyperliquid’s stablecoin.
USDH would be indirectly backed by BlackRock’s tokenized BUIDL fund.
Ethena would divert USDH revenue back into Hyperliquid’s ecosystem.

Ethena Labs, makers of the synthetic-dollar protocol, cast its name into the USDH ring on Tuesday, presenting itself as a potential suitor for issuing Hyperliquid’s stablecoin.

The decentralized exchange and layer-1 network is currently being powered by Circle’s USDC and Tether’s USDT0, but Hyperliquid’s community is currently soliciting proposals on a “Hyperliquid-alinged” stablecoin that could serve as an alternative.

Proposals have already been penned by entities including stablecoin issuer Paxos and World Liberty Financial, the decentralized finance project backed by U.S. President Donald Trump, but Ethena’s proposal emphasizes that its support would also come with that of its partners.

Ethena flexed partnerships with Anchorage Digital, a federally chartered digital assets bank, and Securitize, the BlackRock-backed, real-world asset tokenization firm. Anchorage issues Ethena’s USDtb stablecoin, which is backed by BlackRock’s tokenized BUIDL fund.

“We are excited to enable Ethena’s USDtb, which is 100% backed by BUIDL and uniquely positioned to offer institutional grade cash management as well as on-chain liquidity to Hyperliquid users,” BlackRock Head of Digital Assets Robert Mitchnick said in the proposal.

Introduced in the first quarter of 2023, Hyperliquid was viewed as a scrappy DeFi Startup not too long ago. But now projects like Ethena are clamoring for its feedback, underscoring how that perception is changing. Hyperliquid has $5.7 billion in stablecoins on its network, for example, according to crypto data provider DefiLlama.

Under Ethena’s proposal, USDH would be initially backed by USDtb, and therefore have indirect backing from the $14 trillion asset manager’s BUIDL fund. With at least 95% of the revenue generated by USDH’s reserves, distributions would be made to Hyperliquid’s so-called Assistance Fund, alongside HYPE purchases and distributions to validators.

HYPE changed hands around $53 on Tuesday, a 20% increase over the past day, according to crypto data provider CoinGecko. The token serves as Hyperliquid’s governance token, letting holders participate in the process of voting on software upgrades and other initiatives.

If Ethena receives a green light, the project would cover transaction costs associated with making USDH the go-to stablecoin within Hyperliquid’s exchange, its proposal adds.

Among other notable benefits, the proposal states that Anchorage would issue Ethena’s USDtb stablecoin natively on Hyperliquid’s network. On top of that, Securitize would deploy its platform on the layer-1, bringing “institutional grade tokenized funds, stocks, and other financial products to the Hyperliquid ecosystem for no deployment cost.”

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September 10, 2025 0 comments

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NFT Gaming

BlackRock Holds Back on XRP as ETF Rumors Heat Up for Cardano, Polkadot, and Chainlink

by admin September 3, 2025

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BlackRock, the world’s largest asset manager, has opted not to file for a U.S. spot XRP ETF in 2025 despite the SEC reclassifying XRP as a digital commodity and settling its lawsuit with Ripple.

The decision comes as competitors 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 remains focused on its dominant Bitcoin and Ethereum ETF products, citing limited institutional demand for altcoins. While the firm stresses caution, critics warn that hesitation could cost BlackRock market share as rival funds attract institutional investors seeking diversified crypto exposure.

Cardano ETF Rumors Drive Market Optimism

Meanwhile, Cardano (ADA) is becoming one of the hottest altcoin stories of September. Grayscale filed an updated 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 trade on NYSE Arca, holding ADA directly with Coinbase Custody providing security. Analysts believe an approval could propel ADA’s price well above $1.00, with potential gains of 40–55% if institutional inflows materialize.

Beyond ETF speculation, Cardano continues to build fundamentals with ecosystem upgrades such as smart contract enhancements and the Midnight privacy protocol.

ADA’s price trends sideways on the daily chart. Source: ADAUSD on Tradingview

Polkadot and Chainlink Join the Rally

Polkadot (DOT) and Chainlink (LINK) have also captured investor attention amid ETF buzz and ecosystem progress. DOT, trading around $3.76, has been resilient, with analysts forecasting steady growth toward $4.20 this year and $6.99–$8.45 in 2026 as adoption of its cross-chain technology expands.

Chainlink, on the other hand, surged past $23 in late August after the U.S. Department of Commerce announced it would publish official economic data on-chain using Chainlink’s oracle network.

Bitwise also filed for a Chainlink spot ETF, further fueling bullish sentiment. Analysts see potential for LINK to retest highs near $30 if momentum holds.

With ETF speculation filling the market, BlackRock’s conservative stance on XRP contrasts sharply with the aggressive push by rivals into Cardano, Polkadot, and Chainlink. As SEC decisions approach this fall, the outcome could redefine institutional participation in the broader crypto market.

Cover image from ChatGPT, ADAUSD chart from Tradingview

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September 3, 2025 0 comments

NFT Gaming

BlackRock Buys the Dip With $314 Million in Ethereum

by admin August 26, 2025

BlackRock tops Ethereum holdings
Ethereum price outlook

Although the crypto market is down today, institutional interests in Ethereum appear unmoved.

While Ethereum has seen its price trade in the red zone for the most part of the day, BlackRock has displayed resilience with another major ETH buy activity, according to data from Arkham Intelligence Firm.

In an attempt to stack up on the second-largest cryptocurrency by market capitalization for lesser costs, BlackRock has purchased large amounts of Ethereum worth $314 million on August 26th.

BlackRock tops Ethereum holdings

While BlackRock’s iShares Ethereum ETF is renowned for leading the broad crypto ETF community in its steady accumulation of Bitcoin and Ethereum, the move comes as no surprise. However, the timing of the massive ETH buy from BlackRock has got the crypto community talking.

BlackRock’s ETH purchase comes at a time when the market is experiencing massive price downturns, with Ethereum falling as low as $4,316 on the same day. While the price downturn has seen investors exercise caution as sentiments turn bearish, BlackRock has seized the opportunity to accumulate the asset at a cheaper price.

Ethereum price outlook

With Ethereum’s recent price rally being preceded by a notable price decline that has lasted for the past two days, investors have shown mixed sentiments on the asset’s price potential.

Amid speculations that ETH’s ongoing downturn is a healthy price correction that will possibly lead to a more sustainable rally in the price of the asset, some analysts have issued warnings that it might be a sign of an early bear phase.

Despite the division over Ethereum’s short-term trajectory, BlackRock has continued to double down on Ethereum during the price slumps. With BlackRock’s latest Ethereum purchase, there are hopes that the move could reinforce investor confidence. Thus, this could help fuel optimism among retail and institutional investors in Ethereum’s long-term price potential.

While Ethereum is trading at $4,515.67 as of press time, the asset is showing a price decline of 1.51% over the last 24 hours. With this slow price action, Ethereum has seen its price fall as low as $4,316 and surge as high as $4,595.88 on August 26th.

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August 26, 2025 0 comments

NFT Gaming

BlackRock Sells Bitcoin and Ethereum in Rare Move

by admin August 21, 2025

Amid the persisting sell-offs faced by the broad crypto market, BlackRock has also joined the trend.

In a move that has sparked reactions from the crypto community, data from on-chain tracking platform LookOnChain has revealed BlackRock’s sale of large portions of its Bitcoin and Ethereum holdings.

According to the data, BlackRock has collectively moved over $366 million in Bitcoin and Ethereum from its exchange-traded funds to a wallet on Coinbase Prime. The move, which is uncommon for the investment giant, happened on August 20 as the crypto market bloodbath continues.

While BlackRock has yet to clear speculations regarding the major transaction today, a leading crypto fund was spotted moving 1,885 BTC worth about $111.66 million and 59,606 ETH worth $254.43 million to the leading crypto trading platform, Coinbase Prime.

Did BlackRock just sell?

The investment giant, which is renowned for consistently recording daily streaks of inflows, has broken the trend today with a massive amount of outflows recorded in both of its ETF products.

Although the nature of the major transaction was not clearly stated, such large-scale transfers to exchanges have often been interpreted as potential sell-offs.

As such, it appears that BlackRock may be taking profits amid recent market volatility, as the market has continued to record massive price declines led by Bitcoin and Ethereum.

Nonetheless, the transaction has fueled speculation among traders about whether this signals the start of a broader institutional offloading of crypto holdings, as BlackRock is renowned as a leader in crypto institutional engagements.