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BlackRock Expected to File Solana and XRP Spot ETFs, Says ETF Institute President

Following Ripple’s legal win in its SEC battle, experts speculate that BlackRock could file an XRP ETF, potentially expanding its crypto fund lineup beyond BTC and ETH.

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Summary

Industry experts and former ETF Store president Nate Geraci suggest that BlackRock might file for an XRP ETF now that the Ripple v. SEC case has been formally resolved. Meanwhile, seven asset managers have filed for XRP ETFs, and XRP has surged 10.7% with trading volumes up 197% to $11.9 billion, reflecting strong market momentum.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that tracks the current market price of its underlying asset, providing direct exposure without owning the asset.
  • Solana: A blockchain platform known for its high-speed transactions and support for decentralized applications.
  • XRP: A digital asset associated with Ripple, commonly used for cross-border payment solutions and now central to ETF speculation.