ETF Analyst: BlackRock Likely to Launch XRP and Solana Spot Funds
BlackRock may be preparing to expand its crypto ETF lineup with spot funds for XRP and Solana, according to ETF expert Nate Geraci. The prediction comes as institutional interest in alternative crypto assets heats up and the race for market share intensifies.
In brief
- ETF analyst Nate Geraci predicts BlackRock will file for spot XRP and Solana ETFs, potentially waiting for final regulatory clarity before moving.
- BlackRock already dominates the crypto ETF market with the largest Bitcoin and Ethereum spot funds.
- XRP’s recent legal victory over the SEC and investor demand for altcoin ETFs could accelerate new filings.
Building on Bitcoin and Ethereum success
Geraci, co-founder of the ETF Institute, shared his insights on the Thinking Crypto podcast released August 6. Known for his coverage of the ETF landscape, Geraci said he believes BlackRock will eventually file for both spot XRP and Solana ETFs. Geraci said:
We’re getting closer to the finish line and they still haven’t filed. They could swoop in at the last minute and file for these.
BlackRock already dominates the crypto ETF space with the largest spot Bitcoin ETF and the largest spot Ethereum ETF on the market. Geraci argued that stopping at only those two assets would be out of step with the firm’s broader strategy of offering index-based exposure across multiple asset classes.
“It would be premature to declare definitive winners in crypto,” he said, adding that offering products for other major chains like XRP and Solana could be a way to capture additional market segments while defending BlackRock’s lead.
Profit-driven moves
Geraci emphasized that BlackRock’s decisions are ultimately about profitability, not whether a cryptocurrency is decentralized or “trustworthy.”
That’s not what they’re in the business of determining per se. At the end of the day, it comes back to making money.
Investor interest appears to back that approach. Futures-based XRP and Solana ETFs have already seen “decent demand,” Geraci said, a sign that spot versions could be met with strong appetite once approved.
XRP’s regulatory boost
Momentum for XRP received a major boost on August 7 after Ripple and the U.S. Securities and Exchange Commission moved to dismiss their appeals in the years-long legal battle over the token. The dismissal ended one of the highest-profile regulatory cases in crypto history and sent XRP prices higher on renewed market optimism.
With legal clarity improving and institutional players seeking yield and diversification, speculation is mounting that BlackRock’s next ETF filings could extend beyond Bitcoin and Ethereum. If Geraci’s prediction turns out to be accurate, spot XRP and Solana funds may soon be part of the asset manager’s growing crypto lineup.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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