ETF Store President Nate Geraci says he firmly believes BlackRock will eventually apply for the spot XRP ETF.
His latest commentGeraci pointed out that BlackRock is leading the way for Bitcoin and Ethereum ETFs, and there is no reason to lead other companies when it comes to the next two biggest crypto assets: XRP or Solana.
He also hopes BlackRock will roll out index-style Crypto ETFs. Please come to industry commentators recently Proposed The Grayscale Digital Large Cap Fund, including XRP, could become the next ETF for approval.
Geraci is convinced BlackRock will enter the XRP ETF market
Geraci’s latest comments follow a set of previous predictions. Returning to March 2025, he I stated that Submissions could take place as soon as Ripple’s legal battle with the SEC is over. At the time, he insisted that major institutions such as BlackRock and Fidelity did not want others to have the opportunity to dominate the growing altcoin ETF space.
Meanwhile, last month he also highlighted the launch of regulated XRP futures in Milestone: CME, which can support the case of Spot XRP ETFs. Geraci saw this as a major step towards making XRP ETFs more likely.
XRP futures trading on CME are currently *live *…
CFTC regulatory agreements on XRP.
XRP ETFs are only a matter of time. pic.twitter.com/mohhtogwbs
-Nate Geraci (@nateraci) May 19, 2025
Black Rock remains quiet
Still, despite the growing chatter, BlackRock has yet to make an official move. The focus remains in existing cryptographic products, iShares Bitcoin Trust (IBIT) and Ishares Ethereum Trust (ETHA).
Remember, Samara Cohen, head of BlackRock’s ETF strategy, said in mid-2024 that only Bitcoin and Ethereum meet the company’s standards for liquidity and maturity. It is unclear whether that view has changed.
Given the new legal clarity of XRP and its less developed futures market, BlackRock could be postponed until regulatory and market signals are more established. One is Ripple and seconds We are still waiting for the court to approve the settlement.
XRP ETF filing development
Meanwhile, the XRP ETF scene continues to develop significantly. Bitise, 21Shares, WisdomTree, Grayscale, and Franklin Templeton have all submitted all of their Spot XRP ETF applications. However, the SEC has not made any major decisions.
The SEC promoted its decision on the Spot XRP ETF in October 2025 following its usual 240-day review timeline. Grayscale also reached a major deadline on May 22nd, but the SEC did not make a decision.
A few days later, May 28th, SEC It’s begun A formal review of the WisdomTree XRP Trust, the first US-based spot XRP ETF to reach this stage, calls on the public to consider potential risks such as market manipulation and investor protection.
Interestingly, outside of the US, XRP-based exchanges have already attracted attention. In Europe, 21 shares already have XRP ETP and AXRP ETP, trading in Switzerland. meanwhile, Brazil has approved The first ever spot XRP ETF Global.
