Recent expert statements are generating public speculation that BlackRock may soon file for ETF trading for the cryptocurrencies XRP and Solana.
Expert Opinion
Nate Geraci, president of NovaDius Wealth Management and The ETF Store, stated in an interview on the *Thinking Crypto* podcast that he believes that ETF filings for XRP and Solana may be imminent. He emphasized that the ETF approval process is nearing completion, which creates a timing pressure for BlackRock.
Support from the SEC
Recent actions by the SEC, which include approving creation and redemption of crypto ETPs, enhance the likelihood of new ETF filings. Despite delays in launching index ETFs from companies like Grayscale and Bitwise, the overall sentiment indicates a growing institutional interest in cryptocurrencies. Geraci noted that BlackRock's entry into XRP and Solana would be a significant step beyond the traditional focus on Bitcoin and Ethereum.
Community Reaction
On social media, cryptocurrency users quickly picked up on Geraci's comments. Some accounts, such as @SolanaFloor, characterized possible BlackRock actions as a "potential game-changer." However, other users, like @Cycle3, expressed skepticism, pointing out that past ETF approvals had little impact on token prices.
Speculation regarding BlackRock's potential ETF filings for XRP and Solana continues to grow, but the community remains divided in its expectations. While some see great potential, others exercise caution and point to past negative experiences.
