Amid the evolving cryptocurrency landscape, Nate Geraci, the esteemed President of The ETF Store, ETF Prime Host, and Co-Founder of The ETF Institute, has ignited fresh debate about the likelihood of BlackRock, the world’s largest asset manager, diversifying its portfolio with altcoin-focused ETFs for XRP and Solana. In a recent discussion on an online platform, Geraci confidently projected BlackRock’s inevitable inclusion of these two crypto assets into its expanding range of exchange-traded funds.
The Prospect of BlackRock’s XRP and Solana ETFs
Geraci boldly expressed his conviction that BlackRock is destined to petition for XRP and Solana ETFs, hinting at the immediate possibility for Solana and a somewhat delayed prospect for XRP after the resolution of the ongoing SEC lawsuit. He argued that BlackRock, currently leading in assets in Bitcoin and Ether ETFs, wouldn’t sit idle while their competitors secure potential ETFs on these booming, non-stablecoin crypto assets.
Despite these claims, it should be noted that BlackRock has previously refuted the possibility of broadening its cryptocurrency ETF portfolio beyond Bitcoin and Ethereum. Last July, the firm’s Chief Information Officer, Samara Cohen, asserted that there were no immediate plans to launch any new crypto-focused ETFs, while in December, Jay Jacobs, BlackRock’s US Head of Thematic and Active ETFs, maintained that the focus remained on their existent crypto offerings.
However, with the escalating demand for ETPs based on altcoins like Solana and XRP, the scenario may well be changing. This surge in demand was confirmed by a report from JPMorgan in January, which forecasted a potential influx of up to $14 billion into these ETPs within their first year, assuming that regulators provide the necessary green light.
Status of Solana and XRP ETPs
Solana-related ETPs are projected to amass between $3 billion and $6 billion in assets within 6 to 12 months, with XRP products anticipated to accumulate between $4 billion and $8 billion in the same period, contingent on regulation. As of March 13, 2025, nine entities, including Bitwise, Canary Capital, 21Shares, WisdomTree, ProShares, Grayscale, CoinShares, Volatility Shares, and Franklin Templeton, have submitted their respective applications to the SEC for XRP-focused ETFs.
Seemingly, there is a push to cater to a range of trading strategies, with ProShares and Volatility Shares proposing multiple variants, such as short and leveraged ETFs. Central to Geraci’s theory, however, is the resolution of the current SEC lawsuit against Ripple Labs. The lawsuit’s outcome could potentially signal major financial institutions like BlackRock to introduce new crypto-centric investment products.
Frequently Asked Questions
What is the potential of XRP and Solana ETFs?
Given the increasing demand and the predictions by industry experts, the potential for XRP and Solana ETFs seems high. However, regulations and market trends will play a significant role in determining their success.
What is the significance of BlackRock launching XRP and Solana ETFs?
If BlackRock were to launch XRP and Solana ETFs, it would mark a significant milestone for the crypto industry and could potentially lead to higher adoption rates and price appreciation for these cryptocurrencies.
What is the status of the SEC lawsuit against Ripple Labs?
The ongoing SEC lawsuit against Ripple Labs plays a critical role in the future of XRP-related financial products. A favorable outcome could pave the way for institutions like BlackRock to introduce new XRP-focused investment vehicles.
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