Recent discussions have emerged around BlackRock potentially filing for spot ETFs for the cryptocurrencies XRP and Solana. This opinion was expressed by ETF expert Nate Geraci.
Expectations for ETF Filings
Nate Geraci, president of NovaDius Wealth Management, stated his belief that BlackRock, already a leader in the crypto ETF market, is likely to file for ETFs for XRP and Solana. He said, "I do believe BlackRock will file for both spot XRP and Solana ETFs. Maybe they’re waiting for that formal framework to be put into place, and they’re going to swoop in at the last minute and file for these."
Multi-Chain Structure Strategy
BlackRock has already begun exploring multiple blockchain networks by launching a tokenized money market fund on Ethereum, which has been expanded to include Solana and other blockchains. This indicates that the company sees value in a multi-chain future and may want their ETFs to reflect this strategy.
Growing Investor Demand
Geraci also noted that there has been steady demand for futures-based XRP and Solana ETFs, even before spot versions have been made available. Many investors are waiting for spot ETFs, which are backed directly by the actual tokens and follow the real market price more closely.
If clearer regulations emerge in the U.S., BlackRock may act quickly to file for new spot ETFs, further solidifying its position in the market.
