BlackRock, the world’s largest asset manager, is reportedly preparing to file for Solana (SOL) and XRP exchange-traded funds (ETFs), according to Nate Geraci, president of The ETF Store. This move would solidify BlackRock’s dominance in the crypto ETF market, where it currently leads in Bitcoin (BTC) and Ethereum (ETH) ETFs.
Key Highlights: BlackRock’s Entry into the SOL and XRP ETF Race
- Nate Geraci predicts BlackRock will file for Solana and XRP ETFs—with Solana’s filing expected “any day” and XRP’s likely after its SEC legal resolution.
- Franklin Templeton recently filed for an XRP ETF, joining a growing list of firms competing for XRP-based investment products.
- The SEC is reviewing multiple Solana ETF applications, including proposals from Canary Capital, VanEck, 21Shares, and Bitwise.
Why BlackRock Is Expected to Enter the Solana and XRP ETF Market
- BlackRock currently leads Bitcoin and Ethereum ETFs by assets, and Geraci believes they won’t let competitors dominate SOL and XRP ETFs.
- The firm initially denied interest in expanding beyond BTC and ETH ETFs, but recent market momentum suggests it may change course.
- BlackRock’s involvement would signal stronger institutional demand, potentially accelerating regulatory approval for Solana and XRP ETFs.
Solana and XRP ETFs: Approval Timeline and Market Impact
- XRP’s legal battle with the SEC has slowed ETF approval, but the regulator’s new leadership may resolve the case soon.
- Nine companies have already applied for an XRP ETF, including Bitwise, ProShares, 21Shares, and WisdomTree.
- Solana ETFs from VanEck, Bitwise, and Canary Capital are under SEC review, with a 52% chance of approval before July 31, according to Polymarkets.
- XRP’s ETF approval odds currently stand at 36%, suggesting a longer regulatory process.
What’s Next for BlackRock and Crypto ETFs?
- If BlackRock officially files for Solana and XRP ETFs, it could significantly boost institutional inflows into both assets.
- The SEC’s stance on altcoin ETFs is evolving, and a pro-crypto regulatory shift under Trump’s administration could accelerate approvals.
- Investors are closely watching the March 7 White House Crypto Summit, which may provide further clarity on crypto regulation.
With institutional adoption growing, BlackRock’s potential entry into Solana and XRP ETFs could reshape the next phase of crypto investment products.
Hidden Insight
BlackRock’s potential entry into Solana and XRP ETFs is a sign of growing institutional appetite for altcoins. If approved, these ETFs could trigger a new wave of mainstream adoption, similar to the Bitcoin ETF boom earlier this year—potentially making SOL and XRP top investment assets alongside BTC and ETH.