BlackRock Plans to Submit Applications for Exchange-Traded Funds (ETFs) Linked to XRP and Solana
It's time to keep your eyes peeled on BlackRock, y'all! The whispers about BlackRock diving headfirst into XRP and Solana exchange-traded funds (ETFs) are getting louder, thanks to the words of Nate Geraci, President of The ETF Store. In a recent tweet, he hinted at upcoming BlackRock filings for these crypto ETFs, claiming "it wouldn't make a lick of sense" for BlackRock to let competitors take the lead in altcoin ETF categories.
Now, BlackRock ain't said squat about these ETFs yet. But Geraci believes that BlackRock won't be sitting on the sideline, watching other firms dominate the altcoin ETF market.
His predictions aren't exactly new. In a prior report, he suggested that BlackRock, with its already strong positions in Bitcoin and Ethereum ETFs, is likely looking to ramp up its reach. He also pointed out the possibility of the Grayscale Digital Large Cap Fund, which includes XRP, being converted into a full ETF.
According to Geraci, regulated futures contracts, like the new CME-traded XRP futures, often come before spot ETF filings. These contracts, overseen by the CFTC, help build trust by offering regulated pricing, which seems to be shaping up nicely for XRP considering Ripple's upcoming settlement with the SEC.
Now, remember, BlackRock has been mostly hush-hush about these ETFs. Its focus remains on its iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA), which have been performing rather splendidly.
Last year, BlackRock's ETF chief, Samara Cohen, stated that only Bitcoin and Ethereum met the company's standards for liquidity and maturity. It's uncertain if this view has changed.
Meanwhile, the Solana hype is real. Invesco and Invesco and Galaxy Digital Asset Management have already filed for a Solana ETF in Delaware, and analysts are predicting an "Altcoin ETF Summer." Sources even suggest Solana could be the first in line.
So far, BlackRock's been keeping mum. But you never know, right? The ETF scene's heating up, and BlackRock's got a history of jumping into the pool just when the water's warmest.
Don't forget to also check out: Solana ETF Hype Builds as Bubble Maps Cool Off
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While there's been no official announcement from BlackRock regarding XRP or Solana ETFs, industry analysts reckon that the giant asset manager could eventually enter these markets. Nate Geraci, President of ETF Store, has publicly stated his expectations for BlackRock to file for spot ETFs for both XRP and Solana. However, it's important to note that, as of June 2025, BlackRock has not filed any ETF applications for these digital assets. Other asset managers like Grayscale, Bitwise, WisdomTree, and Franklin Templeton have already submitted XRP ETF applications but, as of now, BlackRock has not made any formal moves. The company is reportedly keeping a close eye on regulatory developments and legal clarity before potentially expanding its cryptocurrency ETF offerings.
- Nate Geraci, President of The ETF Store, hinted at upcoming BlackRock filings for XRP and Solana crypto exchange-traded funds (ETFs), stating it would be unwise for BlackRock to let competitors take the leadership in the altcoin ETF categories without entering the market.
- In a prior report, Geraci suggested that BlackRock, which already has strong positions in Bitcoin and Ethereum ETFs, is likely looking to expand its reach in the crypto market, possibly including XRP and Solana ETFs.
- According to industry analysts, given the growing Solana hype and the arrival of regulated futures contracts like CME-traded XRP futures, it's possible that BlackRock may eventually enter the markets for XRP and Solana ETFs.
- Despite the anticipation and regulatory developments, as of June 2025, BlackRock has not filed any ETF applications for XRP or Solana, indicating that the company is monitoring the regulatory landscape closely before making formal moves in these digital assets.
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