BlackRock’s Possible XRP ETF Submission
Nate Geraci, President of ETF Store, suggests that BlackRock, the largest asset manager globally, may soon file for an XRP ETF. If this happens, it could positively impact XRP’s status in the long run, similar to developments seen with Ethereum and Bitcoin.
Insights on the BlackRock XRP ETF
Geraci points out that it makes sense for BlackRock to pursue an XRP ETF. He notes that asset managers are striving to be seen as “ideological leaders” and that it’s a missed opportunity for major financial players to overlook key cryptocurrencies like XRP. He also anticipates that BlackRock will pursue a Spot Solana (SOL) ETF as well.
Moreover, Geraci expresses confidence in the likelihood of an index-based Crypto ETF from BlackRock:
Launching an index-based Crypto ETF implies that an individual spot ETF will follow. You’d expect statements like, “All BlackRock is backing ETH,” or opinions questioning XRP’s legitimacy. It’s a business decision. Ignoring additional spot ETFs may give the impression that BlackRock views Bitcoin and Ethereum as the only significant options in the crypto space.
He further remarks that BlackRock’s omission of individual spot ETFs conveys a message to potential clients that, in the world of cryptocurrency, only Bitcoin and Ethereum are considered winners.
Geraci also mentioned that the timing is still right, as one major competitor is adopting a “blockchain, not bitcoin” approach, which may affect market dynamics.
I stand by my prediction that BlackRock will launch ETFs for both XRP and SOL…
The world’s biggest asset manager, currently leading the Spot BTC and ETH ETFs, seems to overlook non-stable crypto assets besides the top two. I’m also eager to see an index-based Crypto ETF rollout.
– Nate Geraci (@nategeraci) August 1, 2025
XRP ETFs: A New Trend?
It’s likely that the legal ambiguity surrounding XRP’s status deterred larger asset managers from filing for XRP ETFs, especially in light of the ongoing case between the SEC and Ripple Labs. However, as clarity improves with a new crypto-focused committee, investor confidence in Ripple is on the rise. This shift has already been reflected in XRP’s price, which surged by an impressive 400% last year.
A number of firms, including Franklin Templeton, Bitwise, Canary Capital, Grayscale, 21Shares, and WisdomTree, have also submitted applications for Spot XRP ETFs.
