In a recent podcast, analyst Jeremy Geraci speculated that BlackRock, a leading ETF investor, may be preparing to file for altcoin ETFs.
Expectations for BlackRock's ETFs
Geraci suggested that BlackRock might file for ETFs for individual altcoins like XRP and Solana, despite the absence of official moves in this direction.
Regulatory Prospects and Possible Timelines
According to Geraci, the SEC might approve altcoin ETFs as soon as October. If this occurs, BlackRock could swiftly follow up with its filings.
BlackRock's Position in the ETF Market
BlackRock already holds significant assets in ETFs, including the iShares Bitcoin Trust (IBIT) with over $53 billion in net inflows. Geraci emphasizes that the company applies index strategies, which could also extend to the cryptocurrency segment.
The situation regarding BlackRock's potential ETF filings remains tense. Investors are awaiting SEC approvals that could unlock new opportunities in the altcoin market.