ETFStore President Predicts When BlackRock Will File for XRP ETF

JackTheRippler (@RippleXrpie), a prominent cryptocurrency influencer on X, has shared comments from ETFStore President Nate Geraci who predicted that BlackRock will soon file for Solana (SOL) and XRP exchange-traded funds (ETFs). As expected, his comments have stirred excitement among many XRP holders.

According to Geraci, a Solana ETF filing could happen at any moment. This is expected to aid the approval of many waiting XRP ETF applications.

BlackRock’s Growing Presence in Crypto ETFs

BlackRock is the world’s largest asset manager and has already established a strong foothold in the crypto market through Bitcoin and Ethereum ETFs. Given its dominance in this space, analysts believe BlackRock may want to enter the market quickly to establish a strong foothold with the new digital assets.

Other asset managers, such as Grayscale and VanEck, have already submitted applications for Solana and XRP ETFs, further intensifying competition.

Increasing Excitement for XRP and SOL ETFs

There is increasing institutional interest in ETFs tied to alternative cryptocurrencies beyond Bitcoin and Ethereum. Solana has received significant attention from firms looking to launch ETFs in the U.S.

In late 2024, the SEC, under former Chair Gary Gensler, refused to approve Solana ETF applications. However, the new leadership has exhibited a favorable stance toward cryptocurrencies, and the regulator may finally approve Solana ETFs.

BlackRock has also previously shown some knowledge of XRP’s status, as the form referenced the Ripple lawsuit when applying for its Bitcoin ETF. This supports Geraci’s idea that the asset manager will apply for an XRP ETF once the lawsuit ends.

Regulatory Challenges and Timing for XRP ETF

The primary factor delaying an XRP ETF filing is the ongoing SEC lawsuit against Ripple. Geraci emphasized that BlackRock is likely waiting for the lawsuit’s conclusion before moving forward with an XRP ETF, as the legal outcome will influence the SEC’s stance on XRP’s classification as a security or a commodity.

With Ripple and the SEC negotiating a settlement, this hurdle may disappear soon. The end of this lawsuit could give XRP a major push, and a BlackRock ETF application shortly after a settlement could send the asset to heights never seen before.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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