Are XRP and Solana ETFs Next for BlackRock? Top Analyst Says Most Likely
Main Idea
BlackRock may expand its multi-chain ETF strategy to include XRP and Solana, pending regulatory clarity, despite current caution due to weak whale flows in XRP.
Key Points
1. BlackRock's successful Bitcoin and Ethereum ETFs suggest spot XRP and Solana ETFs could be the next step, aligning with their multi-chain strategy.
2. Regulatory clarity from the SEC is seen as a key factor before BlackRock files for XRP and Solana ETFs.
3. On-chain data shows negative whale flows for XRP, indicating potential distribution pressure despite growing investor interest in ETFs.
4. XRP's price is currently at $2.99 with a 1.61% daily uptick but remains down over 5% weekly, highlighting timing concerns for ETF launches.
5. Analysts like Nate Geraci believe BlackRock is likely preparing for XRP and Solana ETF filings, which would boost mainstream adoption of these assets.
Description
BlackRock’s multi-chain ETF strategy could soon expand to include XRP and Solana. Regulatory clarity may trigger BlackRock’s move into spot XRP and Solana ETF filings. Weak whale flows in XRP suggest caution, despite rising investor appetite for exposure. With successful Bitcoin and Ethereum ETFs now established, a growing consensus among market experts is that spot XRP and Solana ETFs are the “next logical step” for BlackRock, the world’s largest asset manager. Nate Geraci, President of NovaDiu...
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