BlackRock Could Shock Markets With XRP ETF Move—Experts Tease Crypto Plot Twist!

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If there’s one thing finance loves more than making money, it’s a good old-fashioned rumor, and lately, the halls of Wall Street have been echoing with a noise not heard since someone tried to turn tulip bulbs into NFTs. That noise, dear reader, is the incessant chanting of “ETF! ETF!”—this time for cryptocurrency darlings XRP and Solana, with the ever-suspicious BlackRock lurking nearby, ready to pounce. Or so says Nate Geraci, ETF Store President and part-time soothsayer. Rumor has it, BlackRock isn’t the sort of entity to stand meekly on the sidelines while someone else hogs all the fun and crypto glory. You don’t get to be ‘the World’s Largest Asset Manager’ by practicing abstinence.

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

BlackRock at the Races: What Will It (Maybe) Do?

According to Geraci, BlackRock has already flexed its muscle in Bitcoin and Ethereum ETFs—so why stop there? Like an over-caffeinated chess player, BlackRock is always planning the next move. XRP is now wearing its “regulatory clarity” sash, and CME’s regulated XRP futures have rolled out, like a red carpet for the ETF ball. Apparently, nothing says “Let’s make an ETF” like a shiny new futures contract.

Geraci, meanwhile, hints that the Grayscale Digital Large Cap Fund (which already hoards XRP like a dragon with a new hobby) could transform itself into a fully-fledged ETF—for extra showbiz flair.✨

If you like your odds like you like your coffee—caffeinated and slightly jittery—Polymarket pegs SOL approval at 90% and XRP at 87%. In crypto, these are practically blue-chip statistics.

Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs.

— Eric Balchunas (@EricBalchunas) June 10, 2025

Bloomberg’s Eric Balchunas, presumably wearing sunglasses indoors, has dubbed it “Altcoin ETF Summer.” He thinks Solana may hit the limelight first, possibly dragging along plucky basket products and a whole new generation of people who’ve never quite figured out what an ETF does. 🍹🌞

optimism is in the air. Whether that’s the sweet smell of opportunity or just the usual New York humidity, it’s hard to say.

Why the Snail’s Pace?

Despite the hype machine running at full throttle, BlackRock continues to clutch iShares Bitcoin Trust and iShares Ethereum Trust like a dragon hoarding its favorite two coins. Last year, Samara Cohen (BlackRock’s ETF head and collector of buzzwords), muttered darkly about liquidity and maturity. XRP and SOL, she implied, were not yet finished baking. 🍞

Meanwhile, Ripple and the SEC continue their dramatic legal waltz, with the fate of XRP ETFs hanging on regulatory approval, like a slice of bread waiting for someone to decide whether it’s toast. Futures markets: still ramping up, but not yet frothy enough for BlackRock’s taste buds.

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XRP ETF Applications: More Than Spam In Your Inbox

While BlackRock sits by the punch bowl, other big players have already started handing out business cards. Bitwise, 21Shares, WisdomTree, Grayscale, and Franklin Templeton are applying for spot XRP ETFs like kids racing to be first in line at a school lunch buffet. Alas, the SEC, acting as both lunch lady and hall monitor, keeps asking everyone to wait. ⏳

21Shares got its review extended to October, Grayscale’s still waiting for a reply (we’ve all been there with customer service), and WisdomTree is officially under review—complete with requests for public comment about “market manipulation.” Because nothing spices up a crypto ETF like a thinly veiled suggestion of looming doom.

XRP ETFs: Already Happening, Just Not Here

If you can escape the gravitational pull of the U.S. regulatory black hole, you’ll find XRP ETFs frolicking in the wild. Switzerland plays host with 21Shares’ AXRP ETP, presumably served with a side of fondue, while Brazil is now officially the world’s first country to approve a spot XRP ETF. The rest of us will just have to make do with memes—at least for a little while longer. 🧀🇧🇷🚀

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2025-06-13 10:34