ETF expert Nate Geraci commented on current trends in the crypto ETF market, pointing out the irony in Vanguard's situation and highlighting key players such as BlackRock.
The Irony of Vanguard and MicroStrategy
Geraci noted that Vanguard, as the largest shareholder of MicroStrategy, a company known for its large Bitcoin reserves, still refuses to offer spot Bitcoin ETFs. "If you don’t see the irony here, I don’t know what to tell you," he said, hinting at the need for Vanguard to consider entering the crypto ETF space.
BlackRock's Future in Crypto
Geraci also expressed the view that BlackRock should get more aggressive in the crypto space by filing for spot ETFs on tokens like XRP and Solana, as well as a broader crypto index. "Firms like State Street and Schwab are falling behind and should move quickly to stay competitive," he added.
Tokens with the Highest Chances of Success
According to a recent Bloomberg report, several tokens are lined up for potential ETF approvals in 2025, with frontrunners including Solana, XRP, Litecoin, Dogecoin, Cardano, Polkadot, Hedera, and Avalanche. Geraci and other market watchers believe XRP and Solana have the best chances due to strong interest from major financial firms and network growth.
Experts anticipate that the second half of 2025 could be pivotal for crypto ETFs, with tokens like XRP and Solana potentially leading the charge.
