🎉🎉🎉🎉🎉🚨🚨🚨#XRP
Wealth Manager Says Final Hurdle to BlackRock’s XRP ETF Is Now Cleared
#BlackRock May Now File for XRP #ETF
Reacting to the news, ETF expert Geraci suggested that BlackRock may have been waiting for the Ripple lawsuit to conclude before filing for an iShares XRP ETF. He expressed strong confidence in this timing strategy, stating he would accept being proven wrong.
Geraci argued that it makes “zero sense” for BlackRock to limit its crypto ETF offerings to just Bitcoin and Ethereum. According to him, such a move would imply that they believe only those two assets will ever hold value.
ETF Race Could Heat Up
Notably, other issuers such as Bitwise, Franklin Templeton, and Grayscale are already seeking SEC approval for spot XRP ETFs. BlackRock’s entry could dramatically shift the competitive landscape.
The SEC’s final deadlines for decisions on XRP ETFs are in Q4 2025, leaving a limited window for new applications.
If BlackRock proceeds, its existing dominance in Bitcoin and Ethereum ETFs could expand into the broader crypto ETF market, a development many XRP investors see as a major catalyst for price growth.
For context, BlackRock holds 738,170 BTC worth over $86 billion. During the period it accumulated this Bitcoin, the price surged from $45,000 to over $123,000. Given this precedent, XRP commentators like Zach Rector believe XRP’s price could 10X to $30 by next year.