Key insights

• 🧐 BlackRock is hesitating on launching an XRP ETF due to legal uncertainties regarding XRP's classification.
• 📈 The launch of XRP futures on the CME saw $19 million in trades on the first day, indicating institutional interest.
• 🚀 BlackRock is monitoring demand and regulatory changes before committing to an XRP ETF, similar to their previous actions with Bitcoin.
• 💰 XRP experienced a net inflow of nearly $40 million, highlighting renewed interest despite ongoing SEC litigation.
• 🤝 BlackRock's managing director hints at a promising partnership with Ripple that could facilitate the creation of an XRP ETF.
• 🌐 Ono Chain has achieved a significant milestone by facilitating purchases of tokenized treasuries from JP Morgan's blockchain.
• 🔗 This collaboration between public and permissioned blockchains marks a progressive step towards asset integration.
• 🌍 The initiative aims to enhance global access to US treasuries, particularly benefiting clients in emerging markets.

Q&A

• How does this initiative aim to improve access to US treasuries? 💵

  The collaboration between Ono Chain and JP Morgan aims to enhance global access to US treasuries, particularly for clients in emerging markets. By integrating public and permissioned blockchains, clients will eventually be able to transfer tokenized assets more easily.

• What milestone has been achieved regarding the integration of public and permissioned blockchains? 🌐

  A significant milestone was reached when Ono Chain successfully facilitated the purchase of tokenized treasuries using JP Morgan's permissioned blockchain. This collaboration represents a groundbreaking step towards deeper integration between public and permissioned blockchain systems.

• What potential partnership does BlackRock foresee with Ripple? 🔗

  BlackRock's managing director for digital assets hints at a promising partnership with Ripple that could facilitate the development of an XRP ETF. They are exploring innovative custody solutions that might enhance collaboration between both firms.

• What role does Craig Phillips play in this context? 👔

  Craig Phillips, a former executive at both BlackRock and Ripple, is noted for his extensive experience in finance. His leadership is instrumental in highlighting the significance of skilled talent in the blockchain sector and guiding strategic decisions.

• What are the key highlights about XRP's recent investment growth? 📊

  Recently, XRP experienced a remarkable net inflow of nearly $40 million, reversing a trend of net withdrawals. This surge indicates increasing investor confidence, even as BlackRock remains cautiously monitoring the ongoing SEC litigation against Ripple.

• How does consumer influence impact ETF applications? 📢

  Consumers can play a significant role in influencing ETF applications by communicating their interest to banks and institutional investors. By expressing demand for XRP-related products, they can help foster an environment conducive to ETF approvals.

• What recent developments have occurred with XRP futures? 📈

  XRP futures were launched on the CME, achieving $19 million in trades on their first day. This launch is pivotal for institutional investment in cryptocurrencies, signaling XRP's potential despite current liquidity challenges.

• What impact do legal uncertainties have on the ETF approval timeline? 📅

  The indecision from the SEC regarding XRP's classification delays the ETF approval process for both smaller and larger firms. Clear regulatory guidance is crucial for institutional products to gain traction and offer security to investors.

• Why is BlackRock hesitating to launch an XRP ETF? 🤔

  BlackRock is hesitant to proceed with launching an XRP ETF due to ongoing legal uncertainties surrounding the SEC's classification of XRP as either a security or a commodity. The company is awaiting more clarity from regulatory authorities to ensure a stable environment before making any commitments.

• 00:00 Black Rockck is hesitating to launch an XRP ETF due to ongoing legal uncertainties surrounding XRP's classification by the SEC; clarity is needed before proceeding. 🧐
• 01:13 The launch of XRP futures on CME marks a significant step for institutional investment in cryptocurrencies, with XRP emerging as a top altcoin despite current liquidity challenges. The SEC's regulatory actions and the potential approval of ETFs by both smaller and larger companies could shape the market's future. 📈
• 02:35 Black Rock is currently observing demand and regulatory developments before committing to XRP ETFs. They previously acted on Bitcoin due to high demand, suggesting that similar interest for XRP could prompt action. Individuals have the power to influence ETF applications by communicating with banks, and institutional demand remains a barrier for broader cryptocurrency adoption. 🚀
• 03:56 XRP saw significant investment growth, attracting nearly $40 million net inflow, while BlackRock remains cautious amid ongoing SEC litigation against Ripple. Craig Phillips' leadership background highlights the importance of experienced talent in blockchain technology.
• 05:13 BlackRock's managing director for digital assets emphasizes the complex relationships between cryptocurrencies like XRP and Bitcoin, hinting at a promising partnership with Ripple that could lead to an XRP ETF. 🚀
• 06:40 A significant milestone has been achieved by using Ono Chain's public blockchain to purchase tokenized treasuries from JP Morgan's permissioned blockchain, paving the way for deeper integration between the two blockchain types. 🌐