BlackRock Focuses on Bitcoin and Ethereum, Avoids XRP ETF Market
Bitcoin (BTC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that amid increasing applications for new crypto funds, BlackRock is charting a distinct course by concentrating on Bitcoin and Ethereum rather than diving into the emerging spot XRP ETF space. While various major players are beginning to establish positions in the XRP market, BlackRock remains focused on high liquidity and visible opportunities. The asset manager is avoiding the XRP ETF market despite the growing interest from other institutions.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 27 August 2026. Not the outlet's figures.
Bitcoin is trading at $79,023.75 with a 1-hour buy ratio of 44.9% and a 4-hour buy ratio of 47.1%, both trailing the 24-hour buy ratio of 49.9%. This indicates that buying pressure is fading in the short term relative to the daily average. The 1-hour volume delta is -$4,067,631 and the 4-hour volume delta is -$19,235,282, showing that sell volume is currently outweighing buy volume. The 24-hour volume delta stands at -$903,088, with a cumulative CVD of -$70,561,764, confirming net selling pressure over the day. Only 9 out of 24 hours saw net buying, suggesting a lack of sustained demand.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 51.6%, making today's 24-hour ratio of 49.9% lower by 1.7 points. Volume today is 0.54x the weekly average, indicating significantly reduced trading activity compared to recent norms. The coin has gained +14.0% over the last 8 days, with a total volume delta of +$445,688,281. Net buying occurred on 6 of the 7 days in the prior week. This suggests today is an unusually quiet and slightly less bullish day compared to the strong weekly trend.