The post Ripple News: BlackRock May File for XRP ETFs, Says NovaDius President appeared first on Coinpedia Fintech News
Nate Geraci, ETF expert and President of NovaDius Wealth Management, has shared his belief that BlackRock is likely to file for spot ETFs for XRP and Solana. BlackRock already leads the market in crypto ETFs. It runs the largest Bitcoin ETF and also recently launched a major Ether ETF.
The company is known for its index-based investment approach, offering investors exposure to a wide range of assets. In an interview with Thinking Crypto, Geraci said it would make sense for BlackRock to expand this approach into the crypto world by offering ETFs for other top tokens like XRP and Solana.
“I do believe BlackRock will file for both spot XRP and Solana ETFs. Maybe they’re waiting for that formal framework to be put into place, and they’re going to swoop in at the last minute and file for these,” he said.
Timing Could Be Strategic
So far, BlackRock hasn’t filed for XRP or Solana ETFs. Geraci explained that this could be because the company is waiting for a clearer regulatory framework in the U.S. Once the rules are more defined, BlackRock may act quickly to file for new spot ETFs, just as they did with Bitcoin and Ether.
Multi-Chain Strategy Already in Motion
BlackRock has already begun exploring multiple blockchain networks. They launched a tokenized money market fund on Ethereum and have expanded it to Solana and other blockchains. This shows BlackRock sees value in a multi-chain future and may want their ETFs to reflect that.
Geraci said that including XRP and Solana in their ETF lineup would be a smart move and aligns with their broader strategy.
Investor Demand is Growing
Geraci also added that there has been steady demand for futures-based XRP and Solana ETFs, even before spot versions have been made available. Many investors are waiting for spot ETFs, which are backed directly by the actual tokens and follow the real market price more closely. These types of ETFs are typically more trusted by everyday investors.