XRP News Today: BlackRock Poised to File Spot XRP and Solana ETFs Amid Regulatory Clarity

BlackRock, the world’s largest asset manager, is expected to soon file for a spot XRP exchange-traded fund (ETF), according to Nate Geraci, President of NovaDius Wealth Management and a prominent figure in crypto asset management. Geraci has consistently emphasized that BlackRock is anticipated to move forward with the filings, even amid delays, as the firm approaches a regulatory inflection point that could lead to the launch of multiple crypto products in the near future [1]. His comments are part of broader speculation that BlackRock is preparing to expand its presence in the crypto space with institutional-grade offerings.

The anticipated filings would not only cover XRP but also include Solana (SOL), according to earlier reports. This move would represent a pivotal development for XRP, as BlackRock’s entry into the asset class could lend broader institutional validation and credibility to the cryptocurrency. Despite the lack of official confirmation from the firm, market observers point to the increasing regulatory clarity and efficiency following the SEC’s in-kind approval as factors that may now allow BlackRock to proceed without the previous uncertainties [3].

Geraci has noted that BlackRock has been lagging behind its peers in the crypto ETF space, but he remains confident the firm will take action before the end of the year. He has also highlighted the growing competition in the crypto ETF sector, suggesting that BlackRock is under pressure to act before market momentum shifts too far [4]. Given the firm’s strong reputation and broad investor base, the potential launch of a spot XRP ETF could trigger a significant increase in both institutional and retail interest in the asset.

The expected filing signals an evolving regulatory landscape for digital assets and reflects the rising demand for institutional-grade exposure to cryptocurrencies. If BlackRock proceeds as anticipated, it could mark a major step toward the mainstream adoption of XRP and other altcoins in traditional financial portfolios [5]. However, until the firm files with regulators, the product remains speculative, and any projections are subject to change based on regulatory developments.

Source:

[1] Geraci: BlackRock Running Late on Spot XRP ETFs, But ... (https://coincentral.com/geraci-blackrock-running-late-on-spot-xrp-etfs-but-will-file-soon/)

[2] Latest XRP (Ripple) News Today (https://thecryptobasic.com/tag/ripple/)

[3] BlackRock to File XRP and Solana ETFs by October ... (https://www.ainvest.com/news/xrp-news-today-blackrock-file-xrp-solana-etfs-october-deadline-regulatory-shifts-2508/)

[4] Why Hasn't BlackRock Filed for XRP ETF? Top Expert ... (https://www.tradingview.com/news/u_today:2ebb84976094b:0-why-hasn-t-blackrock-filed-for-xrp-etf-top-expert-names-possible-reason/)

[5] Roguex ROX Price (https://www.coingecko.com/en/coins/roguex)