Nate Geraci, ETF professional and President of NovaDius Wealth Management, has shared his belief that BlackRock is probably going to file for space ETFs for XRP and Solana. BlackRock already leads the market in crypto ETFs. It runs an significant Bitcoin ETF and likewise now not too long in the past launched a main Ether ETF.
The firm is identified for its index-based funding come, offering investors publicity to a broad vary of property. In an interview with Pondering Crypto, Geraci acknowledged it may perhaps maybe maybe maybe function sense for BlackRock to amplify this come into the crypto world by offering ETFs for various high tokens like XRP and Solana.
“I construct have faith BlackRock will file for every space XRP and Solana ETFs. Per chance they’re looking ahead to that formal framework to be assign aside into space, and they’re going to swoop in on the final minute and file for these,” he acknowledged.
Timing Would possibly perhaps well maybe Be Strategic
To this point, BlackRock hasn’t filed for XRP or Solana ETFs. Geraci explained that this would maybe perhaps very smartly be since the firm is looking ahead to a clearer regulatory framework in the U.S. As soon as the foundations are extra outlined, BlackRock may perhaps maybe perhaps act swiftly to file for unusual space ETFs, valid as they did with Bitcoin and Ether.
Multi-Chain Technique Already in Motion
BlackRock has already begun exploring a pair of blockchain networks. They launched a tokenized money market fund on Ethereum and earn expanded it to Solana and varied blockchains. This reveals BlackRock sees designate in a multi-chain future and may perhaps maybe perhaps desire their ETFs to think that.
Geraci acknowledged that together with XRP and Solana of their ETF lineup would be a dazzling pass and aligns with their broader strategy.
Investor Check is Growing
Geraci also added that there became as soon as actual seek recordsdata from for futures-based XRP and Solana ETFs, even before space versions were made on hand. Many investors are looking ahead to space ETFs, that are backed directly by the true tokens and discover the correct market designate extra carefully. These styles of ETFs are ceaselessly extra trusted by day by day investors.
