BlackRock, the world’s largest asset manager, is expected to file for Solana and XRP exchange-traded funds (ETFs), according to Nate Geraci, president of The ETF Store. Geraci predicts a Solana ETF filing could happen soon, while an XRP ETF would likely follow after the resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC).
BlackRock’s move is seen as a competitive response to rival firms already pursuing similar ETFs for top non-stablecoin cryptocurrencies. Analysts estimate significant market demand, with potential inflows of $3-6 billion for Solana ETFs and $4-8 billion for XRP ETFs within a year.
Blackrock comes starts them ETFs and it’s game on.
submitted by /u/letsgooo26
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