Is BlackRock About to YOLO Into XRP and Solana? You Won’t Believe This!
BREAKING: BlackRock, a firm so big it manages more money than God and your most over-achieving aunt combined, might soon file for XRP and Solana ETFs. Yes, that’s according to Nate Geraci, President of The ETF Store—someone who spends so much time thinking about ETFs, he probably dreams about the word “diversify.” Nate tweeted, “I still fully expect BlackRock to file for spot sol & xrp ETFs.” And when an ETF guy tweets, you know things are getting spicy (by Wall Street standards).
Let’s be clear: BlackRock has not officially confirmed any of this. But Nate is convinced they’re not going to let their competitors carve up the altcoin ETF pie without grabbing a slice of their own. Basically, he thinks BlackRock is eyeing up these ETF categories the way I eye cheese fries—there’s no way I’m letting somebody else have all the good stuff. 🤷♀️
Btw, I still fully expect BlackRock to file for spot sol & xrp ETFs…
As leader in both spot btc & eth ETFs, it would make *zero* sense to cede other top crypto asset ETF categories to competitors.
Related, I also fully expect BlackRock to file for index-based crypto asset ETF.
— Nate Geraci (@NateGeraci) June 12, 2025
For anyone keeping score, Nate’s basically building up his streak as “most tweeted predictions that sound like spoilers for Wall Street: Endgame.” BlackRock already has their mitts all over Bitcoin and Ethereum ETFs, so expanding into other cryptos feels inevitable—like that extra glass of wine at dinner.
To sprinkle on some legal drama: Geraci pointed out that CME-traded XRP futures (yes, futures, not the horoscope kind) usually show up before the big ETF filings. These are regulated and boring in all the right places, apparently making everyone feel safe. Plus, with Ripple winding down its SEC cage match, XRP is looking legally cuter than ever.
Earlier this year, in a statement that sounded less like a prediction and more like the plot of an HBO show, Geraci said BlackRock or even Fidelity might fire off their ETF paperwork the second Ripple walks out of court. Nobody wants to be the Blockbuster Video of altcoin ETFs.
Solana isn’t just sitting quietly in the corner, either. Just yesterday, Invesco and Galaxy Digital Management filed paperwork for a Solana ETF—that’s Delaware, not some sketchy offshore tax haven, thank you very much. Eric Balchunas (from Bloomberg, so he owns more suits than you do) is teasing that we’re about to have an “Altcoin ETF Summer.” So: 90% odds for Solana, 87% for XRP, according to Polymarket, which is basically Vegas for nerds.
Meanwhile, BlackRock’s energy is pure silent-treatment. They’re still vibing with their Bitcoin and Ethereum Trusts like your boomer relatives at the salad bar. And ETF chief Samara Cohen has insisted only BTC and ETH are mature and liquid enough, which is what you’d say if you were just a tiny bit commitment-phobic.
Will BlackRock finally go from ETF Wallflower to full-on Altcoin Prom Queen? Tune in next time for more “As The Market Turns.” 🕺💸
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2025-06-13 20:37