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Hello this is Matt on the moon Lambo Channel here's a headline that I'm Guessing just about none of you would Have guessed you'd see a mere 24 hours Ago from the Crypt Basic Black Rock CEO Larry thinkink comments on prospects of An xrp ETF now look if if you're wondering if You're perhaps on the right track by Holding Cryptocurrency the answer is yes the Answer is yes it's it's not just me that Believes that CU we're talking about Larry thinkink here CEO of Black Rock The world's largest investment firm you Know he's one of the most powerful People on the entire damn planet and you Know what he's doing he's out there Pumping your crypto bags on an International Level you know he's he's he's on I'll Show you somebody said he's basically on A road show right now and of course it's Because his firm Black Rock he gets Profit obviously from trades with with Their uh with their spot Bitcoin ETF of Course of course but he is a staunch Supporter of Bitcoin Specifically uh and and not just piit He's he's now he's speaking about eth And uh and there's a comment now about Xrp and so we didn't get a firm answer I'll just tell you here at the outset we Didn't get a firm answer on xrp but I do
Want to share with you what some of the Community have been speculating Regarding this topic but uh before going Further I do want to be clear I do not Have a financial background of any kind I am not offering Financial advice and You definitely should not buy or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun now just as a reminder Before I jump into this because I want To make sure yall caught this uh there Was a headline and I spoke about this at The time but from three days ago uh Valkyrie top exact hints at XR PF and so they had this I don't need to Read the article I just want to make Sure you guys are aware of this but the Chief investment officer at Valkyrie Which is a firm that did get approved For a spot Bitcoin ETF um he was he was Speculating that there is going to be an Xrp ETF he specifically talked about This on Bloomberg on National Television Xrp ETF yes he was saying that just Three days ago okay uh here you have a Post from Watcher Guru who wrote just in Black Rock CEO Larry Fink says they Quote see value in having an ethereum ETF in quote so look we just got just The other me have been two days Two days since their spot Bitcoin ETF
Started trading and here you have them Saying yeah we see value in ethere in an Ethereum ETF which is what you would Expect the next one to be right wouldn't You I mean it's second largest in market Cap I I mean that doesn't surprise me in The least that he said that they sees Value and have now he didn't commit to Launching an ethereum ETF but maybe They're doing things in a particular Order obviously he wouldn't have said That public publicly a week ago they Didn't even have the Bitcoin one Approved yet and so Scott mker he's Known as The Wolf of all streets wrote On X uh in response to this Larry Fink Is already beating the ethereum drum one Day after the Bitcoin launch the Rotation is real which leads us to what Happened on Fox Business Here um so again here's the headline Black Rock CEO Larry Fink comments on Prospects of an xrp ETF and the piece Reads as follows Larry Fink the Chief Executive Officer of Black Rock the World's largest asset management firm Has commented on the potential for an Exchang traded uh ETF exchange head fund ETF involving Xrp in a recent interview Fox senior Correspondent Charles gasparino Specifically asked Larry thinkink about The prospect of an xrp ETF this question Comes amid the US Regulators approval of
A Bitcoin spot ETF gasperino inquired About Black Rock stance on the Possibility of launching an an xrp Exchange traded fund in the near Future this curiosity arises especially Since the firm has already submitted for An ETF centered around ethereum in Response Larry Fink said quote I can't Talk about that end quote now I will Note uh that is not true that's not that Well's not verbatim What was stated here And I'm not blaming the Crypt basic for That um just I'm just letting the the Listeners know here uh that came from a Post from Charles gasparino here you can See at the bottom this is what Charles Gasparino says was stated on live Television um that's not quite precise Uh he he did ask hey you know basically What about a you know an xrp ETF he said Can you can you know same thing about That and he basically responded well he Said two words he said I can't and and Then and then he said and you wouldn't Want me to and then to which Charles Gasparin responded I do so Charles Gasperino really does want him to Respond and of course he does and then And then Larry thinkink said again I Can't so that's how that's more that's Much closer to how it actually unfolded There but I just thought I'd mention That because you know that back and Forth um that's what you need to hear
When you're considering what that might Actually mean so I want to talk about That now so let's get a little bit Further down here uh reacting to Larry Fink's remark members of the xrp Community view his response positiv In particular they see the Black Rock CEO's neither affirmative nor negative Statement as a signal that there is room For consideration fueling optimism among Xrp enthusiasts uh and so I'll just Pause to say here that's perfectly Reasonable uh you know I don't want to Read into this too far one way or the Other but when he said you don't want me To respond you know what I was thinking When he said I you know you don't want Me to respond on that you could be Really pessimistic and be like oh that Xrp thingy cuz he would just tear into But I'm not convinced that was the casee In fact you know what I was thinking About is look Larry Fink knows who Charles gasperino is Charles gasparino U Is not exactly a fan of the xrp Community broadly speaking let's say um And so it could have had something to do With that and I I don't know that that's Pure speculation but that's the point we Don't know we we purely do not know um What that means he says you don't want Me to but he said that with a fair Amount of Gusto which caught my Attention he didn't he didn't stop at I
Can't cuz I saying I can't that I mean Already right there uh it's we're stuck In the middle I think I'm just thinking We're probably we're probably stuck in The middle there you just you can't read Into it because if he hasn't and the Rest of you know his team working on What they're going to do next in the World of crypto if they haven't made That decision one way or another um of Course they're going to say that it Doesn't mean they're not considering it You know there there could be something In the works there it's just that They're not at a point where he could State the type of thing that he stated About uh the eth ETF Anyway peace continues according to Tony Edward of the thinking crypto podcast Larry Fink's failure to provide a Definitive uh was a cautious approach as A clear yes or no could trigger the xrp Market okay so I would say that's fair Enough too but Um who knows who who knows um because You could see you could say well what About eth then and but eth was eth has Been kind of running recently Anyway so I don't know would that be an Actual fear because if he's just Talking it's it's two things here if he Was just if if he were asked in general Uh what what about additional crypto ETFs what about xrp and it wasn't in the
Context of Black Rock doing it that's One thing if you're talking about Black Rock doing it that's where I'm thinking If I'm him uh and I'm not ready you know To make that announcement I'm not going To say anything now cuz he could have Just come right out and they could have Made a decision that was no and maybe he Would have just felt comfortable saying No then it seems to me like at a minimum They want to keep the door open but but It could be and it's only speculation it Could be that there's actually something In the works Here so we'll see here I Mean Regardless I I think that it's very Possible that in this calendar year we Do see applications for at least at Least one application singular for a a a Spot xrp ETF I could imagine that Happening in 2024 now I'm skeptical as To whether or not it would get approved Because the reason that the spot Bitcoin ETF get approved is because from a legal Perspective uh Kim Jong guinsler at the SEC was backed into a legal Corner Because of the lawsuit they lost against Grayscale which was specifically about Bitcoin not about xrp it's not about It's not like bitcoin's approved and now Kim Jean ginzler is like well I guess I Have to approve every ETF that comes my Way now no he's not going to do that I
Just I don't believe he will I would I Would love to be wrong we we already saw That um two out of the five Commissioners voted against the spot Bitcoin ETF so only one additional vote Kim Jean Gins would have made that not Happen that's how close that was I'm not Sure how many people are aware of that It was that close it almost didn't Happen if Kim Jeong ginzler didn't want It it wouldn't have happened so uh if This is going to come down do you think That suddenly Kim Jean giner is gonna be Like okay he's got to be better anything Having to anything that would be a win For ripple kimhan giner is going to want To fight back against now all that said It's very possible that we still get an Application I'm just not convinced it Would get approved uh not under this Leadership now it's also true that he's Not going to be in charge forever Eventually there's going to be somebody New in charge and I can absolutely see At some unknown point in the future There being multiple uh spot uh xrp ETFs Why wouldn't that eventually exist if Xrp is going to continue to exist in the World of crypto why wouldn't it and it's Got legal Clarity it makes a ton of Sense but we're going to have to wait a Bit I'm guessing would love to see that That that happen and actually get Approved but I'm you know I'm not even
Confident that eth will get approved it Might but I just I'm just not confident We we we'll we'll see what happens let Me know what you guys think about this Whole thing but it's interesting Nonetheless I'm not a financial adviser You should not buy yourself anything Because of anything I say or right that Would be a very very very bad idea until Next time to the Moon Lambo
