BlackRock Ripple (XRP) ETF Coming Soon? Here’s What You Need to Know
Main Idea
Nate Geraci, President of The ETF Store, predicts that BlackRock will file for an XRP ETF, following its moves with ETH and BTC, and also expects a spot Solana ETF and an index-based crypto ETF.
Key Points
1. Nate Geraci believes it is logical for BlackRock to file for an XRP ETF, given its market capitalization and business strategy.
2. Geraci also anticipates BlackRock will file for a spot Solana (SOL) ETF and an index-based crypto ETF.
3. He argues that failing to pursue additional spot ETFs would signal that only BTC and ETH are viable in crypto, which contradicts BlackRock's broader business approach.
4. The legal clarity around Ripple (XRP) has increased confidence in the asset, leading to a 400% price surge in the last year.
5. Several firms, including Franklin Templeton, Bitwise, and Grayscale, have already filed for spot XRP ETFs.
Description
Nate Geraci, President of The ETF Store, believes that the world’s largest asset manager – BlackRock – will file for an XRP ETF. If true and if history is any indicator, this could have a long-term positive impact on XRP as an asset, following in the footsteps of ETH and even BTC. BlackRock XRP ETF a Possibility According to Expert Geraci believes that it’s only logical for BlackRock to file for an XRP ETF. He cited the asset manager’s attempt to position itself as a “thought leader,” and thinks...
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