According to prominent experts, BlackRock is anticipated to pursue an XRP ETF following the resolution of the SEC litigation.
Nate Geraci, the ETF Store’s chairman, anticipates that BlackRock, a major asset management, will seek an XRP exchange-traded fund (ETF) when the protracted legal dispute involving Ripple and the U.S. Securities and Exchange Commission (SEC) is over.
Geraci also predicts that BlackRock may soon submit a Solana ETF proposal. Most significantly, he also anticipates the financial behemoth’s participation in crypto index ETFs.
According to U.Today, investment behemoth Franklin Templeton entered the XRP ETF arena earlier this week, becoming the largest player. The asset management firm, which has its headquarters in San Mateo, California, oversees assets worth more than $1.5 trillion.
Prior to this, only smaller businesses, mostly those that were native to crypto, had submitted XRP ETF applications. The U.S. Securities and Exchange Commission postponed making a decision on applications from crypto asset manager Grayscale and other companies earlier this week. BlackRock’s Larry Fink Applauds Bitcoin as Virtual Gold – Instability a Fact Confirmation
BlackRock CIO Samara Cohen stated, as reported by U.Today, that the financial behemoth requires additional time before introducing more cryptocurrency ETFs beyond Bitcoin and Ethereum ETFs.
Jay Jacobs, BlackRock’s U.S. Head of Thematics and Active ETFs, stated in December of last year that the company, which manages $10 trillion in assets, is now concentrating on its current cryptocurrency products, indicating that it is not interested in investigating new altcoin ETFs.
Geraci, however, thinks BlackRock will not easily permit rivals to introduce ETFs based on two altcoins without facing competition.
