Opinion: BlackRock Will Submit XRP Spot ETF Application to the SEC

BlockBeats news, on August 8, according to Nate Geraci, president of The ETF Store, BlackRock will submit an XRP ETF application to the U.S. Securities and Exchange Commission after the resolution of the Ripple lawsuit, to promote diversification in cryptocurrency ETF portfolios. Nate Geraci stated that it is meaningless for BlackRock to ignore other crypto assets, and if BlackRock does not do so, it is like telling the market that only BTC and ETH are valuable.