BlackRock Will Join the XRP ETF Race Late, Expert Suggests Why

The race to launch an XRP exchange-traded fund (ETF) is heating up, but BlackRock, the world’s largest asset manager, is expected to enter the market later than some of its competitors.

Industry expert Nate Geraci has predicted that BlackRock will eventually file for an XRP ETF, but only after Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) is resolved.

Geraci, who is the president of The ETF Store, also expects BlackRock to file for a Solana ETF, with a potential announcement happening at any time. He believes BlackRock’s delay in launching an XRP ETF is strategic, as the firm waits for more regulatory clarity before making its move.

Also Read: SEC’s XRP Bombshell: Could Ripple Finally Win the Battle Over Commodity Status?

BlackRock’s Strategy and Growing Competition in the Crypto ETF Market

BlackRock maintains the leading position regarding assets held within Bitcoin and Ethereum ETFs. The firm continues to lead institutional crypto investment by attracting billions in Bitcoin ETF capital through its approved product.

BlackRock’s proven track record leads Geraci to predict the company will enter the XRP and Solana ETF markets shortly.

The American investment company seems to be adopting a strategic method toward potential involvement. Solana stands unlike XRP because BlackRock reportedly plans to submit an ETF filing for Solana potentially at this time but XRP faces regulatory uncertainty from its SEC legal dispute.

Waiting for regulatory clarity seems to be the reason behind the firm’s decision.

Institutional Players Intensify the XRP ETF Race

Earlier this week, Franklin Templeton became the latest major player to enter the XRP ETF race. With over $1.5 trillion in assets under management, Franklin Templeton’s interest in an XRP ETF signals growing institutional confidence in the cryptocurrency.

If BlackRock follows suit, competition in the crypto ETF space could increase significantly. According to Geraci, the expansion of BlackRock’s cryptocurrency investment will continue with the development of crypto index ETFs.

Index-based funds from BlackRock would combine investments in multiple cryptocurrencies into one investable product for investors interested in crypto diversity.

BlackRock’s Entry Could Reshape the XRP ETF Landscape

BlackRock’s eventual entry into the XRP ETF market competition after other firms will still have the potential to redefine existing market dynamics. The firm possesses enough prestige to draw institutional investment into XRP that would strengthen the cryptocurrency as an investment option.

With regulatory developments unfolding and competition intensifying, the coming months could be pivotal for the future of XRP ETFs. If Geraci’s predictions prove accurate, BlackRock’s eventual entry into the market could mark a turning point in institutional cryptocurrency adoption.

Also Read: Here is a New Insider Scoop Why the Ripple vs. SEC Settlement is Delayed

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