The cryptocurrency ETF race is becoming more exciting as major financial players accelerate their entry into this field.
Vanguard is becoming the largest shareholder of MicroStrategy – a company holding a massive amount of Bitcoin, but has yet to provide a spot Bitcoin ETF. Experts expect BlackRock, State Street, and Schwab to quickly jump in and exploit ETFs on potential tokens like XRP and Solana.
MAIN CONTENT
Vanguard plays the role of the largest shareholder in MicroStrategy but has not released a spot Bitcoin ETF.
BlackRock should proactively register spot ETFs on XRP, Solana, and expanded cryptocurrency indices.
XRP and Solana are highly regarded due to their strong networks and interest from financial institutions.
Why hasn't Vanguard provided a spot Bitcoin ETF despite holding a large amount of Bitcoin?
ETF expert Nate Geraci emphasizes the contradiction of Vanguard being the largest shareholder in MicroStrategy but still not opening a spot Bitcoin ETF on its platform. Despite having potential, Vanguard continues to take a cautious stance towards cryptocurrency ETFs.
If you don't see this contradiction, I don't know how else to explain it; now is the time for Vanguard to expand its investment in cryptocurrency ETFs.
Nate Geraci – ETF Expert, 07/15/2025
MicroStrategy is well-known as the largest Bitcoin hoarder among public companies, with digital asset values exceeding billions of USD. Vanguard's large stake in MicroStrategy indicates indirect access but has not yet successfully leveraged it for spot ETF products.
What strategy does BlackRock need for ETFs on popular tokens?
Geraci believes BlackRock should quickly register spot ETFs on key tokens like XRP, Solana, and even an expanded cryptocurrency index to not miss out on strong growth opportunities.
BlackRock must be aggressive in the cryptocurrency ETF race and cannot let competitors like Fidelity lead the market.
Nate Geraci – ETF Expert, 07/15/2025
BlackRock is the largest ETF fund manager in the world, with strong capital-raising capabilities and market influence. The addition of ETFs on tokens with robust networks will help BlackRock solidify its leading position in the cryptocurrency field.
What challenges are State Street and Schwab facing?
As the third largest ETF issuer, State Street is said to be delaying its entry into the cryptocurrency ETF market, which may cause them to fall behind. Schwab is also criticized for not actively rolling out spot products, leaving the playing field to direct competitor Fidelity.
Geraci questions whether State Street is protecting traditional gold ETFs by not pushing for cryptocurrency ETFs.
Which tokens are expected to succeed with ETFs in 2025?
According to Bloomberg, many tokens such as Solana, XRP, Litecoin, Dogecoin, Cardano, Polkadot, Hedera, and Avalanche are awaiting ETF approval in 2025. XRP and Solana stand out due to significant interest from financial institutions and a strong development network.
The influence of trust funds like Grayscale remains low with XRP, while this coin is strengthening collaborations with financial institutions and has many ETF applications under review. Solana is also highly regarded for its network activity and support from institutional investors.
Token Strength ETF Situation Financial Partner XRP Stable network, diverse collaborations Many ETF applications pending Expanding with major financial services Solana Dynamic network, rapid growth Preparing ETF application Supported by many institutional investors
How do cryptocurrency ETFs affect prices and the market?
ETF launches often stimulate price increases before the announcement but can also lead to the 'sell the news' phenomenon after the ETF officially operates. Bitcoin and Ethereum have experienced this, but projects with solid foundations usually recover and maintain long-term growth.
XRP and Solana are expected to continue growing positively due to an expanding user base along with relationships with reputable financial partners, creating a solid foundation for the long-term performance of future ETFs.
Frequently Asked Questions
What are cryptocurrency ETFs?
Cryptocurrency ETFs are publicly traded investment funds that allow investors to access digital assets without needing to buy them directly. According to Nate Geraci, ETFs simplify investment and increase liquidity.
Why hasn't Vanguard launched a spot Bitcoin ETF?
Vanguard has a cautious strategy in releasing spot ETFs to ensure safety and regulatory compliance. They invest indirectly through their stake in MicroStrategy, a Bitcoin hoarding company.
Which tokens are the most promising to launch ETFs in 2025?
XRP and Solana are highly rated by experts based on their development networks and interest from financial institutions, making them suitable foundations for new ETFs.
How can ETFs affect token prices?
Before ETF launches, token prices often surge. They may then slightly decrease due to the 'sell the news' phenomenon, but potential tokens usually recover long-term growth.
What should major financial companies do to avoid being left behind?
BlackRock, State Street, and Schwab need to quickly register and launch spot ETFs to maintain competitive positions in the cryptocurrency asset race and avoid losing market share to competitors.
Source: https://tintucbitcoin.com/xrp-solana-etf-thang-lon-2025/
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