Oh, honey, gather ’round because the drama in the crypto world is thicker than a bowl of Liz Lemon’s night cheese. The world’s largest asset manager, BlackRock, has decided Ethereum is the cool kid at the blockchain lunch table, leaving XRP sitting alone with its sad little bag of Funyuns. BlackRock is launching not one, but two tokenized money-market funds, and XRP Ledger didn’t even get a “Sorry, you’re invited next time” text.
BlackRock’s New BFF: Ethereum
According to a Bloomberg report (you know, the one everyone pretends to understand but secretly Googles), BlackRock has filed with the U.S. SEC to launch these funds. The first one, the BlackRock Select Treasury-Based Liquidity Fund (BSTBL), is basically the Beyoncé of funds-it’s going straight to the Ethereum network. The second fund, the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), is playing the field, launching on multiple chains. But XRP? Still waiting by the phone like it’s 2007.
Apparently, BSTBL is the hot new investment for stablecoin issuers looking to flex their reserve assets. It’s like the spin class of the crypto world-everyone wants in, but no one’s sure if they’ll actually show up. Meanwhile, BlackRock’s second fund is for those self-custody types who think they’re too cool for traditional banks. Spoiler alert: they’re not.
BlackRock already has the BUIDL fund, a tokenized U.S. Treasury that’s on more networks than a reality TV star’s dating history. But XRP Ledger? Still not on the guest list. And yes, Ripple’s RLUSD is an off-ramp for the fund, but it’s like being the plus-one to your own wedding-awkward.
Oh, and let’s not forget BlackRock’s Bitcoin and Ethereum ETFs. XRP ETF? Not happening, says Bloomberg analyst James Seyffart. Instead, they might file for an active crypto index fund, which could include XRP. But let’s be real, that’s like saying you might call your ex back. We all know you’re not.
XRP Ledger: Still Growing, Still Sassy
But hey, XRP Ledger isn’t sitting at home crying into a pint of ice cream (though, same). RWA.xyz data shows its total RWA value is up almost 47% in the last 30 days, hitting $3.5 billion. Meanwhile, Ethereum’s RWA value dropped 4% to $16.8 billion. So, yeah, XRP’s still got it-even if BlackRock doesn’t care.
Tokenized assets on the Ledger are also seeing more action than a season finale of The Bachelor. Trading volume of tokenized U.S. Treasuries is up to $352 million this year, a 5x jump from last year. Ondo Finance and Ripple even teamed up for the first cross-border tokenized U.S. Treasury settlement. Take that, Ethereum.
As of now, XRP is trading at around $1.46, up in the last 24 hours. So, while BlackRock might be ghosting XRP, the crypto world isn’t ready to swipe left just yet.
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2026-05-12 19:12