XRP News Today: BlackRock Eyes XRP and Solana ETFs as Crypto Expansion Gains Momentum

BlackRock, the world’s largest asset manager, is being closely watched for potential expansion into XRP and Solana spot ETFs, a move many analysts believe is highly probable following the success of its Bitcoin and Ethereum ETFs [1]. Top market commentator Nate Geraci of NovaDius Wealth Management has suggested that the firm may already be preparing to file for such products, which would represent a significant step forward in the mainstream acceptance of these digital assets [1].

Geraci’s confidence stems from BlackRock’s broader multi-chain strategy, which has already included tokenizing a money market fund on Ethereum and expanding it to Solana [1]. This strategic diversification across blockchain ecosystems signals the firm’s intent to leverage the strengths of different networks. Introducing XRP and Solana ETFs would be a natural continuation of that approach, building on the firm’s existing dominance in the crypto ETF space [1].

The anticipated ETFs, however, remain speculative at this stage, as no official filings have yet been made [1]. Geraci attributes this delay to the firm’s preference for waiting on clearer regulatory guidance from the U.S. Securities and Exchange Commission (SEC). This caution is seen as a calculated move to avoid potential legal challenges and to position BlackRock as a first-mover once the regulatory landscape stabilizes [1].

Despite the growing enthusiasm around potential XRP and Solana ETFs, current on-chain data for XRP indicates caution. Whale flows for XRP have turned sharply negative, a pattern historically associated with distribution from large holders and often preceding a price correction [1]. This bearish signal contrasts with the bullish narrative around ETF demand, highlighting the importance of timing for any new product launch [1].

As of press time, XRP trades at $2.99 with a daily volume exceeding $3.7 billion. While the asset saw a 1.61% increase in the last 24 hours, its weekly performance remains negative, down more than 5% [1]. These market dynamics underscore the complexity of aligning investor demand with asset performance when considering new ETF offerings.

Source: [1] Are XRP and Solana ETFs Next for BlackRock? Top Analyst Says Most Likely (https://coinedition.com/xrp-solana-spot-etf-best-logical-step-for-blackrock-after-btc-eth-etf-success/)