BlackRock’s XRP ETF Coming After SEC Lawsuit Ends, Predicts Expert

Nate Geraci, President of The ETF Store, Host of ETF Prime, and Co-Founder of The ETF Institute, has stoked fresh speculation around potential altcoin-focused ETFs for XRP and Solana by BlackRock. In a series of comments posted today on X, Geraci asserted his belief that the world’s largest asset manager will eventually add both crypto assets to its growing portfolio of exchange-traded funds.

Will BlackRock File For A Spot XRP ETF?

“I’m ready to log formal prediction… BlackRock will file for both Solana & XRP ETFs,” Geraci wrote, adding that he believes, “Solana could be any day. Think XRP once SEC lawsuit concluded.”

He elaborated on BlackRock’s motivations, noting: “BlackRock is currently the leader by assets in both bitcoin & ether ETFs… I simply don’t see them allowing competitors to come in & launch ETFs on 2 of the top 5 non-stablecoin crypto assets w/out any sort of fight. I also believe BlackRock will file for crypto index ETFs btw.”

Geraci’s prediction marks a significant shift from BlackRock’s previously stated position on expanding its cryptocurrency ETF lineup. In July last year, Samara Cohen, the firm’s Chief Information Officer, told Bloomberg that BlackRock had no plans to launch ETFs other than Bitcoin and Ethereum in the near future.

Several months later, in December, Jay Jacobs—BlackRock’s US Head of Thematic and Active ETFs—clarified that the $10 trillion asset manager was primarily focused on its existing crypto offerings, indicating that altcoin-based ETFs were not on the company’s immediate roadmap.

Despite BlackRock’s earlier reservations, industry analysts have highlighted growing demand for altcoin-based exchange-traded products (ETPs), including those tracking Solana and XRP. In January, banking giant JPMorgan released projections in January suggesting that a green light for these ETPs could trigger inflows of up to $14 billion in their first year alone.

According to the report, Solana-related ETPs could attract between $3 billion and $6 billion in assets within 6 to 12 months, while XRP-based products could garner between $4 billion and $8 billion over the same timeframe—assuming a favorable regulatory environment.

As of March 13, 2025, nine issuers have submitted their respective applications with the US Securities and Exchange Commission (SEC) for XRP-centric ETF products. These include Bitwise, Canary Capital, 21Shares, WisdomTree, ProShares, Grayscale, CoinShares, Volatility Shares, and Franklin Templeton.

Both ProShares and Volatility Shares have also proposed multiple variants—including short and leveraged ETFs—indicating a concerted push to provide a broad spectrum of trading strategies for investors.

Central to Geraci’s prediction is the resolution of the ongoing SEC lawsuit against Ripple Labs. The asset’s regulatory status has been under scrutiny, and many market observers believe that a definitive outcome would pave the way for major financial institutions—like BlackRock—to feel comfortable launching any new crypto-focused investment vehicles.

At press time, XRP traded at $2.31.