TLDR
- Nate Geraci is confident that BlackRock will eventually file for spot XRP and Solana ETFs.
- BlackRock is facing delays in filing for XRP and Solana ETFs, with growing competition from other asset managers.
- Geraci believes BlackRock is waiting for a clear regulatory framework before filing for the ETFs.
- The SEC has a final decision deadline for XRP and Solana ETFs in Q4 2025.
- Geraci expects BlackRock to launch spot crypto ETFs to maintain its position in the market.
Nate Geraci, President of NovaDius Wealth Management, expressed confidence that BlackRock will eventually file for spot XRP and Solana ETFs. Speaking on the Thinking Crypto Podcast with Tony Edward, Geraci shared his insights on the latest developments in the SEC’s stance on crypto ETFs. He noted that while BlackRock has yet to take action, it is only a matter of time before the firm enters the market.
BlackRock’s Late Entry in XRP ETF Market
Geraci suggested that BlackRock is running late in filing for an XRP ETF, especially as other asset managers like Bitwise, Franklin, and Grayscale have already started their applications. The SEC’s ongoing delay in approving these ETFs, with a final decision expected by Q4 2025, has left some wondering whether BlackRock will act soon.
“We’re getting closer to the finish line, and they [BlackRock] still haven’t filed,” Geraci stated, highlighting the urgency of the situation.
Despite the delays, Geraci remains confident that BlackRock will file for an XRP ETF in the near future. He believes the firm might be waiting for a clear regulatory framework before taking action. BlackRock’s approach could be to “swoop in at the last minute,” a strategy that has been effective for the firm in the past.
Delay in Solana and XRP ETFs Unlikely
Geraci also anticipates that BlackRock will file for a Solana ETF, despite the growing competition from other firms. With the approval process for Solana ETFs underway, Geraci believes that BlackRock cannot afford to stay behind. He pointed out that Solana, along with XRP, is becoming a key player in the crypto market, and the firm’s lack of action could result in missed opportunities.
While other asset managers are progressing with their applications, Geraci emphasized that BlackRock’s delay could be a defensive move. By entering the market later, BlackRock may aim to strengthen its position in a growing market segment.
“If you’re going to do that, then it seems like you would have standalone spot crypto ETFs as well,”
Geraci noted, referring to the potential for BlackRock to file for both XRP and Solana ETFs.
Despite the current delay, Geraci remains positive that BlackRock will eventually file for these products. His expectation stems from the firm’s commitment to indexing strategies, which have proven successful in the past.
