Predictions for BlackRock and XRP ETFs

Nate Geraci, president of The ETF Store, has predicted that asset management giant BlackRock will file for an XRP exchange-traded fund (ETF) once Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) concludes.

Geraci also anticipates that BlackRock’s Solana ETF proposal could be submitted at any moment. Additionally, he foresees the financial powerhouse exploring crypto index ETFs.

As previously reported by U.Today, investment firm Franklin Templeton took the lead by entering the XRP ETF race earlier this week, managing over $1.5 trillion in assets.

Before this, only smaller, primarily crypto-native firms had submitted applications for XRP ETFs. Earlier this week, the SEC delayed its decision on filings from crypto asset manager Grayscale and other companies.

As reported by U.Today, BlackRock’s Chief Information Officer, Samara Cohen, mentioned that it would be “a while” before the firm introduces more cryptocurrency ETFs besides those focused on Bitcoin and Ethereum.

In December, Jay Jacobs, the head of thematic and active ETFs at BlackRock, clarified that the $10 trillion asset manager is currently focused on its existing cryptocurrency offerings, indicating it is not interested in exploring new altcoin ETFs.

However, Geraci believes that BlackRock will not simply sit back and allow competitors to launch ETFs backed by the two altcoins “without any sort of fight.”