What Does Global Giant BlackRock Await for XRP and Solana ETF Applications? ETF Expert Explains!

After the approval of Bitcoin and Ethereum ETFs, issuing companies applied for ETFs for many altcoins such as XRP and Solana.

While the SEC continues its review process for altcoin ETFs, these applications are expected to be approved in September or October.

However, one of the most striking aspects of altcoins is that the largest asset manager, BlackRock, did not apply for an ETF for any altcoin other than BTC and ETH.

However, ETF Store President Nate Geraci stated that there is a high probability that BlackRock will apply for a spot ETF for XRP and Solana.

In an interview with Thinking Crypto, Geraci said it would make sense for BlackRock to offer ETFs for XRP and other major altcoins like Solana.

Geraci warned that BlackRock was late to join the race, noting that other asset managers like Bitwise, Franklin, and Grayscale are still applying for XRP and Solana ETFs.

Noting that BlackRock is waiting for a clearer regulatory framework, Geraci said:

“We are nearing the finish line and BlackRock still hasn’t filed.

However, I believe BlackRock will act at the last minute and apply for both spot XRP and Solana ETFs.

I think they are just waiting for a formal regulatory framework to be published before applying.”

Finally, Geraci added that there was a steady and strong demand for futures-based XRP and Solana ETFs even before the spot ETFs were launched.

*This is not investment advice.