Nate Geraci, the President of ETFStore, has issued a bold prediction for XRP, expressing confidence that multi-trillion-dollar asset manager BlackRock will file for an XRP ETF.
Geraci shared this perspective in a tweet today, logging his “formal prediction” for the XRP investment space. Specifically, he expressed conviction that BlackRock will submit applications for both Solana and XRP ETFs.
Push for BlackRock to File XRP ETF
Notably, BlackRock’s XRP ETF filing is one of the most anticipated applications in the XRP community, given the prominence of the asset manager, which oversees $11.6 trillion in assets.
For context, BlackRock’s involvement in the Bitcoin ETF space changed the narrative last year. It attracted historic inflows, even breaking into the global leadership ranking of 2024 following inflows of over $30 billion within a year. The effect of these inflows was evident in Bitcoin’s price, which soared from $48K to over $100K by the end of 2024.
XRP enthusiasts are hoping for a similar event, eagerly awaiting BlackRock’s XRP ETF. Now, industry pundits like Geraci have formally projected that the BlackRock XRP ETF is on the way.
Notably, as of now, filings for 15 XRP ETFs have been made, with some being leveraged products, the largest number for a single asset yet. Big names in the mix include Grayscale, Franklin Templeton, WisdomTree, and Bitwise. Despite the surge of XRP ETF filings, BlackRock has yet to join the race.
Why BlackRock Will Seek an XRP ETF and the Timeline
In his bold prediction, Geraci provided reasons why BlackRock would pursue an XRP ETF. He also outlined a potential timeline for its development.
First, Geraci pointed out that BlackRock currently leads the crypto ETF markets for Bitcoin and Ethereum with the largest inflows. Geraci stressed that he does not see BlackRock allowing competitors to launch ETFs for top crypto assets like XRP and Solana without a fight.
For context, BlackRock’s Bitcoin ETF has seen $39.33 billion in inflows, while the Ethereum product has observed $4.18 billion in inflows. Its closest competitor, Fidelity, has seen only $11 billion in inflows for its Bitcoin ETF and $1.4 billion for its Ethereum ETF. Many others have struggled to even reach $1 billion in inflows.
With BlackRock leading by such a landslide margin, Geraci believes the asset manager would not allow rivals to close the gap by launching promising crypto ETFs for tokens like XRP and Solana.
Notably, he argued that BlackRock would submit an application for a Solana ETF any day now. Meanwhile, as for the XRP ETF, he believes it will come after the SEC drops its lawsuit against Ripple.
The most recent update on the SEC-Ripple lawsuit suggests both parties are in a negotiation phase, and a settlement could surface anytime soon.
BlackRock is currently the leader by assets in both bitcoin & ether ETFs…
I simply don’t see them allowing competitors to come in & launch ETFs on 2 of the top 5 non-stablecoin crypto assets w/out any sort of fight.
I also believe BlackRock will file for crypto index ETFs btw.
— Nate Geraci (@NateGeraci) March 14, 2025