BlackRock to file for XRP and Solana ETFs
The SEC has yet to approve any spot XRP ETF applications
In a bold signal of shifting industry dynamics, BlackRock is reportedly poised to file for both XRP and Solana exchange-traded funds (ETFs), according to Nate Geraci, President of ETF Store.
In a recent X post, Geraci predicted that a Solana ETF filing could happen "any day," while an XRP ETF is expected only after the resolution of Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
Key developments
Geraci’s forecast comes as part of broader market speculation over institutional entry into the crypto space. The anticipated filings by BlackRock would mark a significant development in the ETF landscape, potentially offering investors regulated exposure to leading digital assets.
Loading...
Nate Geraci stated: “BlackRock is currently the leader by assets in both Bitcoin and Ether ETFs.”
Adding to the momentum, last Monday, Franklin Templeton submitted an XRP ETF filing with the SEC, proposing a fund that tracks XRP’s price and uses Coinbase Custody Trust as its custodian. These moves underline a growing institutional interest in diversifying crypto investment options, even as regulatory uncertainties persist.
Market context
The SEC has yet to approve any spot XRP ETF applications, and its recent decisions to postpone rulings on filings from firms such as Grayscale have heightened uncertainty. Nevertheless, industry observers, including Geraci, maintain that regulatory clarity is on the horizon.
They argue that the U.S. government will ultimately uphold its promise of clear and predictable regulation for digital assets, potentially paving the way for these ETF products to gain traction. For now, the market awaits further signals as legal battles and regulatory reviews continue to shape the landscape.
As regulatory debates intensify, the potential ETF filings by BlackRock and Franklin Templeton could become bellwethers for institutional confidence in crypto assets. Investors will be closely monitoring SEC decisions and market responses, which may set the stage for a new era of digital asset investment.
We also reported that 95% of Bitcoin ETF investors refuse to sell amid price correction.
