BlackRock Rules Out Immediate Plans for Spot XRP ETF
The post BlackRock Rules Out Immediate Plans for Spot XRP ETF appeared on BitcoinEthereumNews.com.
World’s largest asset manager BlackRock refutes claims about its potential plan to launch spot ETFs separately tied to XRP or Solana. Industry stakeholders have been predicting that BlackRock will broaden its cryptocurrency ETF offerings to include assets beyond Bitcoin and Ethereum. In particular, Nate Geraci, the President of NovaDius Wealth Management, expressed confidence that BlackRock will soon join the race to launch standalone XRP and Solana ETFs in the United States. – Advertisement – He suggested that several factors could be delaying BlackRock’s decision to file for ETFs separately tied to XRP or Solana, including the possibility that the asset manager could be waiting for a more comprehensive regulatory framework. BlackRock Denies Immediate Plans to File for XRP or Solana ETF However, BlackRock recently issued a statement, dismissing immediate plans to file for a Solana ETF or a similar product for XRP. Sharing the comment on X, Geraci said that BlackRock has called him out based on his initial speculation that the asset manager will join the race to roll out a spot XRP ETF or a Solana ETF. Notably, BlackRock refuted this claim shortly after the SEC and Ripple submitted a joint motion to dismiss their appeals, potentially ending the regulatory uncertainty surrounding XRP. While some commentators argued that the lawsuit was the main reason BlackRock avoided filing for an XRP ETF, its recent decision—despite the lawsuit’s conclusion—suggests otherwise. A Costly Mistake Reacting, Geraci believes that BlackRock would later reflect on that decision as a mistake. BlackRock immediately calls me out… Says *no* plans at this time to launch spot xrp (or sol) ETF. IMO, this will be looked back on as a mistake. We shall see. via @ForTheWynn_ pic.twitter.com/9nQaA3ZYDO — Nate Geraci (@NateGeraci) August 8, 2025 In his previous commentary, the wealth manager suggested that filing for an…
Filed under: News - @ August 9, 2025 3:28 pm