BlackRock, will it also launch an XRP spot ETF... Nate Geraci: "High possibility of application"
Summary
- Nate Geraci claimed that the possibility of BlackRock entering the XRP spot ETF market has increased.
- BlackRock is confident it will apply for both Solana (SOL) and XRP spot ETFs.
- There are observations that the resolution of legal uncertainty over XRP and the launch of CME XRP futures may change the investment environment.
There are claims that the world's largest asset manager, BlackRock, is increasingly likely to enter the XRP spot Exchange Traded Fund (ETF) market, following Bitcoin (BTC) and Ethereum (ETH).
According to the cryptocurrency media outlet Coinpedia on the 13th (local time), Nate Geraci, president of ETF Store, stated that "BlackRock will never let the major altcoin spot ETF market, including Solana (SOL) and XRP, go to competitors."
Geraci argued, "I am confident BlackRock will apply for both SOL and XRP spot ETFs."
Currently, BlackRock operates spot ETFs based on Bitcoin and Ethereum. In addition, the head of BlackRock's ETF division, Samara Cohen, had maintained the stance until last year that "only BTC and ETH meet the criteria for liquidity and maturity."
The media outlet added, "It is being observed that, as much of the legal uncertainty regarding XRP is resolved and as the CME launches XRP futures products, the trend may shift going forward."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
