BlackRock Anticipated to File XRP ETF Amid Ripple Case Resolution

Nate Geraci, President of NovaDius Wealth Management, anticipates BlackRock may soon file an XRP ETF following the legal resolution of the Ripple case with the SEC.

This filing could significantly impact XRP pricing and advance cryptocurrency ETF diversification, signaling a shift in market strategy beyond Bitcoin and Ethereum.

BlackRock’s XRP ETF Potential and Market Implications

BlackRock is reportedly considering filing for a spot XRP ETF following the resolution of the Ripple lawsuit. Nate Geraci, a prominent ETF analyst, has voiced that ignoring assets outside Bitcoin and Ethereum in ETF offerings is “meaningless.” This aligns with BlackRock’s strategy to broaden their cryptocurrency portfolio.

With appeals dismissed in Ripple’s legal case, market analysts anticipate BlackRock’s entry into the XRP market through an ETF could increase liquidity and boost XRP valuation. If filed, the rebate may spur substantial price growth and institutional inflows similar to prior Bitcoin ETF launches.

There is zero sense for BlackRock to ignore assets outside Bitcoin and Ethereum for ETFs. To do so would be telling the market only BTC and ETH matter, which isn’t true.

Market observers and industry leaders are reacting positively to the developments, with analysts projecting a potential 10x price increase for XRP. Nate Geraci emphasized his belief in the diversification potential of crypto ETFs, reinforcing the sentiment that BTC and ETH’s exclusivity would be counterproductive.

Ripple Lawsuit Resolution Fuels Speculation on XRP ETF Filing

Did you know? Once BlackRock’s Bitcoin ETF was approved in 2024, Bitcoin’s price experienced a notable increase, mirroring historical trends that experts believe may occur with XRP following ETF filings.

According to CoinMarketCap, XRP is currently valued at $3.29, with a market cap of $195.06 billion. The past 60 days saw a price surge of 43.19%, marking a 24-hour trading volume increase of 175.62%. XRP’s circulating supply stands at 59.31 billion, nearing its 100 billion max supply.

The Coincu research team indicates potential regulatory and market shifts post-ETF approval, emphasizing increased institutional participation. BlackRock’s potential ETF file signals possible widening acceptance of XRP and similar altcoins within traditional finance frameworks. Reported trading volumes and price activity underpin this positive outlook.