BlackRock Drops Another Bitcoin ETF, But No Sign Of An XRP ETF, What’s Going On?

bitcoinistPublished on 2026-01-28Last updated on 2026-01-28

Abstract

BlackRock, the world's largest asset manager, has filed for a new Bitcoin Premium Income ETF, its third crypto-related fund after its existing Bitcoin and Ethereum ETFs. The new product aims to track Bitcoin's price while generating income through writing call options. Notably, BlackRock continues to avoid filing for single-asset ETFs tracking other cryptocurrencies like XRP or Solana, despite their market success. While XRP and Solana ETFs from other issuers have gathered significant assets, BlackRock remains focused on BTC and ETH. Analysts suggest the firm may eventually explore a multi-asset crypto index ETF instead of individual funds, with some expressing surprise that Solana isn't being considered given institutional interest.

BlackRock, the world’s largest asset manager, has filed for another Bitcoin ETF. This comes as the crypto ETF issuer continues to confine itself to the BTC and ETH ecosystems and has opted not to file for crypto funds such as the XRP ETF.

BlackRock Files For New Bitcoin ETF

BlackRock filed an S-1 form for its Bitcoin Premium Income ETF. According to the filing, the Bitcoin ETF will seek to track BTC’s price while providing premium income through an actively managed strategy of writing call options on IBIT shares. From time to time, the Trust may also write call options on ETP indices that track spot BTC investment products to generate premium income.

This proposed Bitcoin premium Income ETF will mark BlackRock’s third major crypto ETF offering, as it already offers a spot Bitcoin ETF and an Ethereum ETF. The world’s largest asset manager has, to date, opted against filing for an XRP ETF or funds that track other crypto assets, despite moves by other issuers such as Grayscale and Bitwise.

It is worth noting that last year, BlackRock confirmed that it has no plans to file for a Solana or XRP ETF at this time, opting to focus on its existing Bitcoin and Ethereum ETFs. The asset manager is currently the largest BTC and ETH ETF issuer, with net assets of $69 billion and $10 billion, respectively, according to SoSoValue data.

Meanwhile, other crypto ETFs have seen considerable success despite BlackRock’s hesitation to file for these funds. SoSoValue data shows that the XRP ETFs as a group already boast a net asset of $1.38 billion since launching in November. This accounts for just over 1% of the altcoin’s market cap. Solana ETFs have net assets of almost $1.10 billion, accounting for 1.50% of SOL’s market cap.

BlackRock May Explore A Basket Product Down The Line

Bloomberg analyst James Seyffart said during an interview with market expert Nate Geraci that BlackRock appears content to stick with just Bitcoin and Ethereum ETFs. However, he alluded to his previous statement that the asset manager could launch a basket product or an active ETF at some point.

This could take the form of a crypto index ETF, which provides exposure to multiple crypto assets rather than a single asset. Such a move will be similar to Ark Invest’s recent filing for a CoinDesk 20 ETF. Cathie Wood’s firm offers only a spot Bitcoin ETF but is now looking to provide exposure to other assets through an index fund, rather than filing for a spot XRP ETF or other individual crypto funds.

Meanwhile, Seyffart made a case for a Solana ETF over an XRP ETF, stating that it is surprising that BlackRock hasn’t explored SOL. This came as he described BTC, ETH, and SOL as the ‘big 3’ in terms of crypto assets that institutional investors are looking to gain exposure to.

BTC trading at $89,040 on the 1D chart | Source: BTCUSDT on Tradingview.com

Trending Cryptos

CitreaCTR

wrapped stUSDTWSTUSDT

XRPL Foundation Director Warns Of Fake XRP Holder Tiers Scam

XRPL Foundation Community Director Hussein "Vet" Zangana has issued a warning about a phishing scam impersonating Ripple. The scam uses a fake "XRP Holder Tiers" announcement to trick users into connecting their crypto wallets, potentially leading to fund theft. Officials emphasize this is a social engineering attack and not a breach of Ripple's internal systems. The scam exploits common crypto user behaviors, such as urgency around airdrops and rewards, and the fear of missing out on loyalty benefits. Connecting a wallet to a malicious site can grant dangerous permissions or initiate draining transactions. XRP's large, active community makes it a frequent target for such impersonation campaigns. While public warnings from community figures are helpful, they are not a complete defense against evolving scams. The key safety takeaway is for users to ignore unsolicited reward announcements and never connect wallets through unofficial links. Any offer should be verified through multiple official channels before interaction.

bitcoinist10m ago

XRPL Foundation Director Warns Of Fake XRP Holder Tiers Scam

bitcoinist10m ago

Soaring 20% Then Dropping 5%: When Will the Bottom of the Korean Stock Market Be?

"South Korean stocks face a turbulent period as the KOSPI index, after a 20% surge, fell 5% to 6257 points. The market is grappling with severe issues: over 500,000 leveraged retail accounts have been liquidated, and more than 24 trillion won has flowed from stocks into bank deposits for safety. This reflects a significant loss of market liquidity and shaken investor confidence. In response, Korean financial regulators are taking action. They have tripled the minimum保证金 (margin) requirement for single-stock leveraged ETF trades to 30 million won and are considering granting themselves "emergency intervention" powers. These could include capping leverage ratios and setting investment limits on these ETFs, seen by many as amplifying market volatility. Initial results show a 75% drop in these products' trading volume post-regulation. The market downturn has political repercussions, pushing President Yoon Suk-yeol's approval rating to a new low. Meanwhile, foreign investors made a record net purchase of 7.18 trillion won during a recent rebound, while domestic retail investors sold off massively. Morgan Stanley has upgraded South Korean stocks to "overweight," citing the ongoing "leverage unwinding" and potential for a 36% upside, with giants like Samsung Electronics and SK Hynix providing valuation support. However, analysts caution that the market's structure remains vulnerable to foreign capital flows, and the current low may not be the bottom."

marsbit14m ago

Soaring 20% Then Dropping 5%: When Will the Bottom of the Korean Stock Market Be?

marsbit14m ago

Goldman Sachs Stakes a Clear Position: This Is the Largest Capital Demand Cycle in Human History, and the Fed Is Just an Observer

Goldman Sachs argues that the world is entering the most capital-intensive investment cycle in history, driven by concurrent massive demands from AI infrastructure, reindustrialization, defense reinvestment, power grid rebuilding, supply chain realignment, and sovereign debt financing. This structural competition for capital is pushing its cost higher, fundamentally altering investment paradigms. Goldman's Mark Wilson states that the Federal Reserve is merely a "passenger, not the driver" in this shift, with rising yields rooted in these real economy demands rather than just monetary policy. While major indices appeared calm in July, underlying market movements were historic, featuring extreme stock dispersion and a severe momentum factor crash, leading to significant de-risking by fund managers. Wilson cautions against expecting a quick reversal in August, citing ongoing digestion of higher rates, disrupted risk models, and typically muted market performance ahead of US midterm elections. Corporate fundamentals remain robust with strong earnings, though growth rates are peaking in the US while accelerating in Europe. Notably, hyperscale cloud companies like Amazon and Microsoft are announcing staggering capital expenditure projections for 2027-2028, justified by explosive AI-related revenue growth and high returns. Amazon revealed its AI revenue run-rate exceeds $25 billion, growing triple-digits annually, and expressed confidence that AWS could become a trillion-dollar revenue business. The report concludes that a transitional period is underway, marked by a growing tension between aggressively investing private tech giants and increasingly capital-constrained sovereign governments. The AI super-cycle continues, with August likely being a consolidation phase.

marsbit20m ago

Goldman Sachs Stakes a Clear Position: This Is the Largest Capital Demand Cycle in Human History, and the Fed Is Just an Observer

marsbit20m ago

Flowra Integrates Compliance Checks into Solana Blockchain

Flowra, an infrastructure platform for validators and order flow management on the Solana network, has partnered with compliance infrastructure provider Honeypot. The companies are integrating sanctions risk checks and other threat assessments directly into the block production process. This integration will combine Honeypot's compliance data with Flowra's Programmable Block Policy (PBP) system, enabling institutional validators to set custom rules for which transactions and bundles can be included in blocks. The system will screen wallet addresses linked to sanctioned entities and analyze network signals like VPN, proxy, and Tor exit node usage, reportedly identifying 31% to 61% of traffic using network obfuscation tools. Each validator will define its own compliance policy. The initial focus is on sanctions screening, wallet checks, and providing auditability for regulated financial institutions.

cryptonews.ru20m ago

Flowra Integrates Compliance Checks into Solana Blockchain

cryptonews.ru20m ago

Outflow of Stablecoins from South Korea Continues for 18 Consecutive Months, Exceeding $360 Million in June

In June 2026, South Korea experienced a net outflow of stablecoins to overseas crypto exchanges, amounting to 560.3 billion won ($367 million). This represents approximately 78% of the net value of foreign stocks purchased by Korean investors in the same period. According to the Financial Supervisory Service (FSS), this marks the 18th consecutive month of net outflows, a trend ongoing since January 2025. The FSS reported that 2.76 trillion won ($1.8+ billion) in stablecoins were withdrawn from the country's five major exchanges to foreign platforms in June, while 2.2 trillion won ($1.4 billion) flowed back in. The second quarter of 2026 saw a significant net outflow of 1.69 trillion won (~$1.1 billion), surpassing net sales of foreign stocks in the same period. Analysts cite access to unavailable domestic financial instruments as a primary driver. Foreign platforms offer crypto derivatives, spot and futures products tied to major Korean stocks like Samsung and Hyundai, along with RWA tokenization, DeFi, staking, and leveraged products. Lawmaker Lee Jong-wook warned that the stablecoin outflows constitute capital flight, exposing investors to risks on unregulated foreign platforms. He called for accelerated regulatory reform and enhanced investor protection measures. The government is reportedly working on a digital assets law to foster the blockchain sector.

cryptonews.ru24m ago

Outflow of Stablecoins from South Korea Continues for 18 Consecutive Months, Exceeding $360 Million in June

cryptonews.ru24m ago

Trading

Spot

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

1.4k Total ViewsPublished 2025.05.13Updated 2025.05.13

Meet ZetaChain: The Universal L1 for Apps That Work Everywhere — Even on Bitcoin

ZetaChain is the first ever Universal Blockchain to enable native connection across all blockchain ecosystems.

48.9k Total ViewsPublished 2025.06.16Updated 2025.06.16

Meet ZetaChain: The Universal L1 for Apps That Work Everywhere — Even on Bitcoin

Fractal Bitcoin: Scaling Bitcoin as a Recursive System

Fractal Bitcoin is a Layer-1 scalability solution built on the Bitcoin core code, enabling infinite scalability through a recursive approach.

48.4k Total ViewsPublished 2025.06.30Updated 2025.06.30

Fractal Bitcoin: Scaling Bitcoin as a Recursive System

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.