BlackRock Set to Apply for SOL and XRP Spot ETFs, Says ETF Store President Nate Geraci

In a recent statement on social media, ETF Store President Nate Geraci shed light on potential ETF applications from BlackRock. He speculated that the financial giant is likely to seek a Spot ETF for Solana (SOL) and Ripple (XRP), which could significantly impact the cryptocurrency market. The anticipated SOL ETF application may be filed imminently, reflecting a growing institutional interest in the digital asset space. Conversely, the issuance of the XRP ETF is reportedly contingent on the resolution of the SEC lawsuit against Ripple, a factor that adds uncertainty to its timeline. As these developments unfold, market participants are closely monitoring BlackRock’s strategic moves, as they could be pivotal in shaping institutional adoption and the overall landscape of cryptocurrency investments.