BlackRock’s XRP ETF Entry Is Inevitable, ETFStore President Says
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ETFStore President Nate Geraci believes BlackRock will eventually file for spot XRP and Solana ETFs. He argues it makes “zero sense” for the firm to let competitors take the lead in these emerging crypto ETF markets. Geraci views BlackRock’s current silence as a strategic pause, not a sign of disinterest. Nate Geraci, President of ETFStore, has reignited speculation about BlackRock entering the XRP ETF space. In a tweet, Geraci stated that he fully expects BlackRock to file for spot Solana and XRP ETFs. According to him, it would make “zero sense” for the world’s largest asset manager to let competitors dominate these fast-growing ETF categories without participating. XRP ETF Race Already Crowded, But Missing a Giant So far, 15 XRP ETF applications have been submitted to the U.S. Securities and Exchange Commission (SEC). This makes it the most actively pursued crypto ETF after Bitcoin and Ethereum. Asset managers such as Grayscale, Franklin Templeton, WisdomTree, and Bitwise have already joined the race. However, BlackRock, the dominant player in the Bitcoin and Ethereum ETF space, is yet to announce any plans for XRP. Geraci sees this as a tem… The post BlackRock’s XRP ETF Entry Is Inevitable, ETFStore President Says appeared first on Coin Edition .
Source: Coin Edition
