BlackRock May Launch XRP and SOL ETFs, Says Insider
The post BlackRock May Launch XRP and SOL ETFs, Says Insider appeared on BitcoinEthereumNews.com.
BlackRock may soon launch XRP and SOL ETFs. Crypto ETFs expected as institutions increase market interest. BlackRock, the world’s largest asset manager, may soon offer Exchange-Traded Funds (ETFs) for XRP and Solana (SOL). The crypto industry expert Andrew Parish, who founded x3 has stated this prediction. According to Parish, BlackRock “will eventually capitulate and offer both XRP and SOL ETFs.” BlackRock Expected to Offer XRP and SOL ETFs in 2025 He shared more details, saying that the “crypto floodgates have opened” and new ETF filings are expected in 2025. He added, “we may not be first, but we will give clients choices.” XRP and SOL are expected to become part of other crypto asset class products even if BlackRock does not launch full ETFs immediately. Furthermore, Parish called crypto assets “an unprecedented growth opportunity.” Major financial institutions are currently building towards launching ETF products for digital currencies despite the lack of movement from BlackRock. Franklin Templeton declared its official request to the SEC for an XRP ETF in March despite managing assets exceeding $1.5 trillion. The recent regulatory filing indicates that investors believe XRP has great potential and believe there is increasing market demand. Grayscale, as one of the leading cryptocurrency investment companies, submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the creation of a Solana ETF. The regulatory filing helps Solana advance nearer to entering traditional financial markets. From its current position as Solana Trust the financial institution changed its name to Grayscale Solana Trust ETF. The newly launched ETF from this company omits the stake feature that original documentation had stated as part of the offering. Widespread regulatory restrictions continue to influence the availability of particular product features for investment opportunities. The legal conditions involving XRP have shown positive developments. Ripple Labs received…
Filed under: News - @ April 5, 2025 9:06 pm