XRP ETF May Be BlackRock’s Next Move in Crypto Market

Nate Geraci, president of NovaDius Wealth Management, stated that he expects BlackRock to file an application with the U.S. Securities and Exchange Commission (SEC) for an ETF based on the cryptocurrency XRP, following the resolution of the lawsuit between Ripple Labs and the SEC.

According to Geraci, the initiative could be part of a broader strategy to diversify the company’s exchange-traded fund (ETF) offerings in the crypto segment, beyond its current Bitcoin and Ethereum products.

The Ripple-SEC case, ongoing since 2020, has focused on classifying XRP as a security and has imposed restrictions on its trading in the U.S. A final decision could remove legal barriers and pave the way for the launch of new financial products.

BlackRock, the world’s largest asset manager, has previously launched ETFs on Bitcoin and Ethereum, showing interest in expanding its presence in the cryptocurrency market. A potential XRP ETF could attract both institutional and retail investors looking to diversify their digital asset portfolios.