Are XRP & Solana ETFs the Next Big Move for BlackRock?

• BlackRock’s multi-chain ETF strategy could soon expand to include XRP and Solana.
• Regulatory clarity may trigger BlackRock’s move into spot XRP and Solana ETF filings.
• Weak whale flows in XRP suggest caution, despite rising investor appetite for exposure.

With successful Bitcoin and Ethereum ETFs now established, a growing consensus among market experts is that spot XRP and Solana ETFs are the “next logical step” for BlackRock, the world’s largest asset manager.

Nate Geraci, President of NovaDius Wealth Management, suggested that BlackRock might already be preparing for such a move, which would mark a major milestone for the mainstream adoption of these assets.

Why the confidence? Nate Geraci isn’t the only one. CoinEdition previously reported when another top ETF expert called a BlackRock XRP ETF ‘inevitable.’

BlackRock’s Multi-Chain Strategy Already Underway

BlackRock’s recent actions already show a clear embrace of a multi-chain future. The firm has already tokenized a money market fund on Ethereum and later expanded it to other networks, including Solana. This strategy indicates an intention to capitalize on the strengths of multiple ecosystems. 

Given this, adding Solana and XRP to their ETF lineup would align with their broader trend of diversifying blockchain exposure. It also builds on their proven success in the crypto space, where the firm already manages the world’s largest Bitcoin ETF and recently introduced a major Ether fund.

Why Hasn’t BlackRock Filed Yet?

Despite the growing speculation, no official filings for spot XRP or Solana ETFs have been made by BlackRock. However, Geraci suggests this is likely a calculated delay as the asset manager waits for clearer regulatory guidance from the U.S. Securities and Exchange Commission (SEC).

The holdup: SEC is the key. Here’s our past analysis on a new crypto rule that could fast-track future Solana and XRP ETF approvals.

This strategic timing would allow BlackRock to avoid regulatory hurdles and give them a first-mover advantage once the rules are clear. By positioning itself to move fast in a more certain environment, the firm can maintain its leadership while meeting growing investor demand.

Bearish Signal for XRP Despite ETF Hype

But while the long-term ETF hype builds, current on-chain data for XRP is flashing a warning sign. 

Whale flows for XRP have turned sharply negative, a pattern that historically signals distribution from large holders and often precedes a price correction. Unless this trend of whale accumulation resumes, this structural weakness may persist. 

As of press time, XRP trades at $2.99, with a daily volume of over $3.7 billion. Despite a 1.61% uptick in the last 24 hours, the weekly performance remains negative, down over 5%. Consequently, while investor demand for spot ETFs is building, timing remains critical.