Nate Geraci, President of The ETF Retailer, Host of ETF Prime, and Co-Founding father of The ETF Institute, has stoked recent hypothesis round potential altcoin-focused ETFs for XRP and Solana by BlackRock. In a collection of feedback posted immediately on X, Geraci asserted his perception that the world’s largest asset supervisor will finally add each crypto belongings to its rising portfolio of exchange-traded funds.
Will BlackRock File For A Spot XRP ETF?
“I’m able to log formal prediction… BlackRock will file for each Solana & XRP ETFs,” Geraci wrote, including that he believes, “Solana could possibly be any day. Suppose XRP as soon as SEC lawsuit concluded.”
He elaborated on BlackRock’s motivations, noting: “BlackRock is at the moment the chief by belongings in each bitcoin & ether ETFs… I merely don’t see them permitting opponents to come back in & launch ETFs on 2 of the highest 5 non-stablecoin crypto belongings w/out any type of combat. I additionally imagine BlackRock will file for crypto index ETFs btw.”
Geraci’s prediction marks a major shift from BlackRock’s beforehand acknowledged place on increasing its cryptocurrency ETF lineup. In July final yr, Samara Cohen, the agency’s Chief Info Officer, told Bloomberg that BlackRock had no plans to launch ETFs aside from Bitcoin and Ethereum within the close to future.
A number of months later, in December, Jay Jacobs—BlackRock’s US Head of Thematic and Lively ETFs—clarified that the $10 trillion asset supervisor was primarily targeted on its present crypto choices, indicating that altcoin-based ETFs weren’t on the corporate’s rapid roadmap.
Regardless of BlackRock’s earlier reservations, trade analysts have highlighted rising demand for altcoin-based exchange-traded merchandise (ETPs), together with these monitoring Solana and XRP. In January, banking big JPMorgan released projections in January suggesting {that a} inexperienced mild for these ETPs might set off inflows of as much as $14 billion of their first yr alone.
In accordance with the report, Solana-related ETPs might entice between $3 billion and $6 billion in belongings inside 6 to 12 months, whereas XRP-based merchandise might garner between $4 billion and $8 billion over the identical timeframe—assuming a positive regulatory surroundings.
As of March 13, 2025, 9 issuers have submitted their respective functions with the US Securities and Alternate Fee (SEC) for XRP-centric ETF merchandise. These embody Bitwise, Canary Capital, 21Shares, WisdomTree, ProShares, Grayscale, CoinShares, Volatility Shares, and Franklin Templeton.
Each ProShares and Volatility Shares have additionally proposed a number of variants—together with brief and leveraged ETFs—indicating a concerted push to supply a broad spectrum of buying and selling methods for buyers.
Central to Geraci’s prediction is the decision of the continuing SEC lawsuit towards Ripple Labs. The asset’s regulatory standing has been below scrutiny, and lots of market observers imagine {that a} definitive consequence would pave the way in which for main monetary establishments—like BlackRock—to really feel comfy launching any new crypto-focused funding automobiles.
At press time, XRP traded at $2.31.
Featured picture created with DALL.E, chart from TradingView.com
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