Spot

<div class="watcher-guru">  
 <p>XRP is currently the best-performing crypto among the top 10 projects, rallying by 3.1% in the last 24 hours. Some attributed the latest rally to an update coming to the XRP Ledger. The upgrade will integrate an automated market maker and a clawback feature. However, online rumors about BlackRock shifting its focus from Bitcoin (BTC) to XRP, may have also played a hand. </p> 
 <p>XRP-focused X handle, “JackTheRippler,” posted that BlackRock may be reconsidering its stance on Bitcoin (BTC). He added that the world’s largest asset manager might be <strong>“eyeing alternatives like XRP.”</strong></p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">🚨RUMORS: Big Financial Giants like “BlackRock” may be reconsidering their stance on #Bitcoin and may be eyeing alternatives like #XRP! 👀🔥 pic.twitter.com/88HgHmXj5v</p> 
    <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
     <div class="publift-ad add">
      <div data-fuse="22560828227"></div>
     </div> 
    </div> — JackTheRippler ©️ (@RippleXrpie) September 14, 2023
   </blockquote> 
  </div>
 </figure> 
 <p>A similar post was shared by “WallStreetBulls,” who questioned if we are <strong>“witnessing a shift in institutional confidence towards more sustainable and efficient digital assets?” </strong></p> 
 <p><strong>Also Read: SEC Delays Decision for BlackRock Spot Bitcoin ETF</strong></p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">🚨 BREAKING NEWS 🚨: Rumors are swirling that major financial giants like BlackRock may be reevaluating their stance on #Bitcoin and potentially eyeing alternatives like #XRP. With billions at stake, the implications for the crypto market could be significant. As investors, we…</p>— WallStreetBulls (@w_thejazz) September 13, 2023
   </blockquote> 
  </div>
 </figure> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>Additionally, Wall Street veteran Linda P. Jones, while sharing WallStreetBulls’ post, said <strong>“It has to happen, eventually.”</strong></p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">It has to happen, eventually. https://t.co/QoqRXTN7oa</p>— Linda P. Jones (@LindaPJones) September 13, 2023
   </blockquote> 
  </div>
 </figure> 
 <p>It should be noted that there is no official word on whether BlackRock is eyeing XRP as an alternative. However, there is a possibility that regulatory concerns may push the asset manager to change its stance and also to further diversify its crypto portfolio. </p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div> 
 </div> 
 <h3 class="wp-block-heading" id="h-what-will-happen-if-blackrock-switches-bitcoin-for-xrp">What will happen if BlackRock switches Bitcoin for XRP?</h3> 
 <figure class="wp-block-image size-large">
  <img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt class="wp-image-97071 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp.webp 300w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp.webp 768w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp.webp 380w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp.webp 550w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp.webp 800w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 1280w" data-srcset-img="https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 1024w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 300w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 768w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 380w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 550w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 800w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 1160w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 1280w" data-eio="j">
  <noscript>
   <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp" alt="" class="wp-image-97071" srcset="https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 1024w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 300w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 768w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 380w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 550w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 800w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 1160w, https://cdn.thebittimes.com/images/2023/09/15/4e7d83620bdc4dd4a2fa4515440ba676.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source: Coinsturn
  </figcaption>
 </figure> 
 <p>BlackRock’s spot BTC ETF (Exchange Traded Fund) application was responsible for a sudden rise in BTC’s price a few months back. If the asset manager decides to change its stance on BTC, there could be some detrimental consequences for the asset. Investors may lose confidence, which may cause BTC’s price to tank. </p> 
 <p><strong>Also Read: <a rel="dofollow" title="Blackrock" href="https://thebittimes.com/tag/blackrock.html">Blackrock</a>, Amundi Predicts a U.S. Recession by the End of 2023</strong></p> 
 <p>However, BlackRock has significant investments in BTC-related products. The firm is a major shareholder in 4 of the 5 largest Bitcoin (BTC) mining companies. Therefore, it may be a little farfetched to think that it would give up on these investments just yet. </p> 
</div> 
<div class="cs-entry__tags">
 <ul>
  <li>Blackrock</li>
  <li>xrp</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/are-blackrock-rumors-behind-xrp-s-3-5-pump-tbt62853.html">https://thebittimes.com/are-blackrock-rumors-behind-xrp-s-3-5-pump-tbt62853.html</a></p>

Are BlackRock Rumors Behind XRP's 3.5% Pump?

Table of Contents

TheBitTimes

Other articles published on Sep 15, 2023

Breaking: crypto exchange Remitano hacked for over $2.7 million

Hong Kong policymaker responds to Vitalik Buterin over regulation

Second-Largest Stablecoin USDC Launches on Ethereum (ETH) Competitor NEAR Protocol (NEAR)

EU Fails To Spur Crypto Adoption Despite Regulatory Reform With MiCA

Drake’s AI Song Won’t Feature in Grammy Over Copyright Issues

Introducing ChartAI: Revolutionizing Cryptocurrency Insights through Instant Charting on Telegram

Join our free newsletter for daily crypto updates!