BlackRock Eyes XRP and Solana ETFs to Extend Market Leadership

BlackRock, the world’s leading asset management company, is reportedly preparing to launch exchange-traded funds (ETFs) focused on altcoin projects like XRP and Solana (SOL). Nate Geraci, a prominent ETF expert, believes BlackRock seeks to maintain its current dominance in Bitcoin and Ethereum ETFs while capitalizing on legal clarity regarding XRP. The recent resolution of the legal dispute between Ripple and the U.S. Securities and Exchange Commission has paved the way for more favorable opportunities, particularly with the emergence of regulated XRP futures contracts on the Chicago Mercantile Exchange (CME). This development could pave the way for spot ETF applications.