BlackRock Inc. (NYSE: BLK) has confirmed it currently has no immediate plans to file for spot exchange-traded funds (ETFs) for Solana (SOL) or XRP. The firm remains focused on expanding its existing crypto offerings, including the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA). 📈💰
Industry experts suggest BlackRock is strategically pacing its crypto ETF filings, as it could have submitted spot ETF applications for assets beyond Bitcoin and Ethereum if desired. Meanwhile, several fund managers have already filed for spot XRP and SOL ETFs with the U.S. SEC. 📊⚖️
Speculation around a potential BlackRock spot XRP ETF surged following the recent joint dismissal of the Ripple vs. SEC lawsuit, fueling hopes for regulatory clarity. ⚡️👀
When Will SEC Approve Spot XRP and Solana ETFs? ⏳✅
The U.S. SEC is widely expected to approve multiple spot altcoin ETFs by the end of 2025. Recent reports highlight the SEC’s active engagement with spot altcoin ETF issuers, especially those focused on Solana, signaling near-term approval. 🔍📅
Vivian Fang, finance professor at Indiana University, notes that Bitcoin and Ethereum ETFs differ from Solana and XRP ETFs. While both Solana and XRP are U.S.-originated altcoins, Wall Street analysts predict Solana ETFs will gain approval before XRP ETFs. 🔄💡
“Considering all factors, it seems more probable that ETFs for public blockchain-based altcoins like Solana (SOL) will precede those dedicated to Ripple (XRP),” Fang said. 🎯
Market Outlook 🚀🌕
Improved legal clarity in the U.S. crypto market is attracting increasing institutional interest, with more corporate investors adding altcoin holdings to their treasuries following Bitcoin’s success. This regulatory clarity is set to fuel a strong altseason in 2025, powered by significant institutional capital inflows. 💼💸
Meanwhile, Ethereum recently broke above $4,000 for the first time in eight months, reinforcing positive momentum in the market. 🔥📈
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