Nate Geraci Predicts ETF Race for XRP

Nate Geraci, a leading ETF analyst, has predicted that both BlackRock and Fidelity will enter the XRP ETF race. He believes that approval for such a product is only “a matter of time.”

Geraci’s confidence is bolstered by the resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). Stuart Alderoty, Ripple’s chief lawyer, announced that they managed to reduce a fine from $125 million to just $50 million, initially set at $2 billion by the SEC. Additionally, the injunction against Ripple is expected to be lifted at the SEC’s request.

As reported by U.Today, Fidelity has officially submitted its Solana ETF filing on Tuesday.