Expectations for the launch of an XRP Spot ETF have been on the rise within the cryptocurrency community following the green light given to Spot Bitcoin ETFs. Recent information indicates that the future does not look promising for an exchange-traded fund (ETF) based on XRP. Charles Gasparino, a well-known journalist and senior correspondent for Fox Business, has reported that the investment management company BlackRock has ruled out any plans to apply for an XRP ETF. There appears to be no potential for such an ETF to emerge. In a latest update on X (previously known as Twitter), Gasparino revealed that BlackRock, a top-tier global investment firm, has reportedly stated it does not intend to create an XRP ETF. The disturbing update announced on Thursday, January 18, elicited a rapid yet negative reaction from the XRP community. Curiously, the revelation coincides with BlackRock CEO Larry Fink’s recent ambiguous comments regarding the prospects of an XRP ETF. When interviewed by Gasparino on Fox Business, Fink was queried about the chances of introducing an ETF based on XRP. Nevertheless, the CEO of BlackRock quickly replied with a curt “That’s not something I can discuss!” Fink’s cryptic response ignited debates among cryptocurrency enthusiasts, who scrutinized his statement for any subtext about a potential XRP exchange-traded fund. Although BlackRock has not made any definitive announcements about launching an XRP ETF, Gasparino has stated that sources with direct knowledge of the situation have indicated that the financial firm has decided against creating such an ETF. Last week, an American reporter revealed that Fink showed a limited understanding of XRP, which led to his evasive answers to Gasparino’s inquiries regarding the possibility of a BlackRock XRP ETF. Furthermore, the senior correspondent from Fox Business announced today that he plans to have an in-depth conversation with Fox Business Anchorwoman Liz Claman to delve into why BlackRock apparently has no plans to launch an XRP Spot ETF. Currently, the trading price of the token is $0.54, according to data from Tradingview.com.