Nate Geraci, President of The ETF Store, shared that BlackRock is preparing to submit a proposal to the U.S. SEC for an XRP-based exchange-traded fund—but only after the ongoing Ripple legal battle reaches a conclusion. This strategic step would expand the range of crypto ETFs available to investors. Geraci also took a jab at BlackRock for concentrating exclusively on Bitcoin and Ethereum, arguing that such a narrow approach downplays the value of other digital assets.
Meanwhile, Bloomberg's top ETF analyst, Eric Balchunas, weighed in with a cautious outlook. He questioned whether an XRP ETF could draw the same level of interest as its Bitcoin and Ethereum counterparts, suggesting that enthusiasm across the crypto ETF market may soon begin to fade.