- BlackRock considers XRP ETF, hinting at changing views on altcoins.
- XRP and SOL ETFs may launch alongside Bitcoin, Ethereum products.
- Analysts expect more crypto ETF filings as investor interest continues rising.
There is growing talk in the financial world about BlackRock possibly filing for an XRP Exchange-Traded Fund (ETF). This is surprising because BlackRock, the world’s largest asset manager, has previously avoided dealing with altcoins like XRP. However, recent developments suggest a shift in attitude.
XRP, SOL ETFs Could Join Bitcoin, Ethereum in ETF Race
Recently, Nate Geraci, a well-known ETF expert, posted on his X account that decisions may include XRP and SOL ETFs alongside other types. It would be in line with how BlackRock managed its past attempts to establish Bitcoin and Ethereum ETFs. The post has propelled speculation that XRP is about to be next on the list.
Another event that grabbed the crypto community’s attention was Andrew Parish, renowned in the industry and founder of x3, saying that BlackRock would eventually add support for ETFs that hold XRP and SOL. As stated by Parish, the crypto ETF market is growing, and he predicts many more ETFs in the year 2025. He thinks that BlackRock’s late entry to the field will not prevent investors from finding several options in the crypto market.
Notably, Parish referred to crypto assets as “a remarkable investigation,” indicating his boosting view of digital currencies. This is consistent with how more traditional investment firms are entering the crypto world lately.
Currrently, XRP trades at $2.25 and has gone up by 3% in the past 24 hours. These results indicate that there is still much interest in XRP, since new institutional offerings may soon be made available.
XRP ETF in Sight as BlackRock Reconsiders Altcoins
If BlackRock creates an XRP ETF, it would bring more pressure to the market. At this point, Bitwise, Canary Capital, 21Shares, and Franklin Templeton are among the companies that are developing crypto-based ETFs. So, if BlackRock gets involved, it will likely show that altcoins such as XRP are no longer looked at lightly by the financial sector.
Additionally, BlackRock has a strong reputation in financial circles. If XRP is supported through an ETF, the belief among investors will increase. As a result, this development will help to bring cryptocurrency more into common use.
In addition, XRP has solid characteristics that make it worth considering. More people use it for cross-border payments due to its quick transactions and low charges. This system is popular among traders as well as with financial institutions all over the globe.
Lastly, BlackRock has not disclosed an official XRP ETF filing, yet the signs from the market indicate it clearly. Those in the crypto community believe the firm will act promptly. The increase in investor demand and shifting rules may bring XRP ETFs into existence by the year 2025. If BlackRock enters the XRP ETF space, it could redefine how institutional investors view altcoins. Ultimately, this shift would mark a bold step toward greater acceptance of digital assets in mainstream finance.
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