After the approval of Bitcoin and Ethereum ETFs, issuing companies applied for ETFs for a range of altcoins equivalent to XRP and Solana.
Whereas the SEC continues its review process for altcoin ETFs, these applications are expected to be licensed in September or October.
Nonetheless, surely one of essentially the most placing aspects of altcoins is that the largest asset manager, BlackRock, didn’t discover for an ETF for any altcoin rather than BTC and ETH.
Nonetheless, ETF Store President Nate Geraci acknowledged that there is a excessive likelihood that BlackRock will discover for a space ETF for XRP and Solana.
In an interview with Thinking Crypto, Geraci stated it would kind sense for BlackRock to provide ETFs for XRP and other indispensable altcoins like Solana.
Geraci warned that BlackRock became leisurely to hitch the bustle, noting that other asset managers like Bitwise, Franklin, and Grayscale are restful making employ of for XRP and Solana ETFs.
Noting that BlackRock is expecting a clearer regulatory framework, Geraci stated:
“We’re nearing the stay line and BlackRock restful hasn’t filed.
Nonetheless, I imagine BlackRock will act at the final minute and discover for both space XRP and Solana ETFs.
I mediate they are correct expecting a proper regulatory framework to be printed sooner than making employ of.”
In the end, Geraci added that there became a typical and solid achieve a query to for futures-basically based totally XRP and Solana ETFs even sooner than the space ETFs had been launched.
*This just isn’t investment recommendation.
