BlackRock and the XRP ETF: Insights from Nate Geraci
According to Nate Geraci, the President of ETF Store, he strongly believes that BlackRock will eventually submit an application for the XRP ETF. In his recent remarks, he noted that BlackRock has been at the forefront of Bitcoin and Ethereum ETFs, so it seems logical for them to pursue the next big crypto assets like XRP or Solana.
Geraci expressed optimism that BlackRock might also introduce index-style Crypto ETFs. Recently, industry commentators have suggested that the Grayscale Digital Large Cap Fund, which includes XRP, could be a strong candidate for approval as the next ETF.
Confidence in BlackRock’s XRP ETF Plans
These comments align with Geraci’s previous predictions. Back in March 2025, he mentioned that filings could occur once Ripple’s legal issues with the SEC are resolved. He emphasized that major players like BlackRock and Fidelity are likely hesitant to let others take the lead in the burgeoning altcoin ETF market.
Additionally, he recently highlighted the significance of regulated XRP futures introduced by CME, arguing that this might bolster the case for XRP ETFs. He viewed this as a significant step that could increase the likelihood of XRP ETFs coming to fruition.
XRP futures trading on CME are currently *live *…
CFTC regulatory agreements on XRP.
XRP ETFs are only a matter of time.
BlackRock’s Silence on XRP
Despite the increasing discussions, BlackRock has not yet taken any official steps regarding XRP. Their focus seems to remain on existing cryptocurrency products, specifically the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA).
In mid-2024, Samara Cohen, head of BlackRock’s ETF strategy, stated that only Bitcoin and Ethereum met the company’s standards for liquidity and maturity. It’s uncertain if this stance has changed since then.
With XRP achieving some legal clarity and a still-developing futures market, BlackRock may be waiting for more established regulatory and market signals before moving forward. The ongoing legal battle between Ripple and the SEC might be a significant factor influencing their decision.
Developments in XRP ETF Filings
Meanwhile, the landscape for XRP ETFs is evolving. Firms like Bitwise, 21Shares, WisdomTree, Grayscale, and Franklin Templeton have all filed applications for Spot XRP ETFs, but the SEC has yet to make any conclusive decisions.
The SEC is expected to announce its decision on the Spot XRP ETF in October 2025, following its standard 240-day review process. Grayscale also faced a major deadline on May 22nd, but there was no resolution from the SEC.
On May 28th, the SEC began a formal review of the WisdomTree XRP Trust, marking it as the first US-based spot XRP ETF to reach this stage. They have invited public feedback on potential risks, such as market manipulation and investor protection.
Interestingly, outside the US, XRP trading platforms are getting noticed. In Europe, for example, 21Shares has already launched XRP ETP and AXRP ETP, accessible in Switzerland. Meanwhile, Brazil has approved the first-ever spot XRP ETF.
