Nate Geraci, the president of NovaDius, responded to rumors about BlackRock applying for XRP and SOL ETFs, stating that he believes BlackRock will apply but refrained from commenting on certain reports, and that The Block's reporting may be fake news. BlackRock is in discussions, with the application deadline in October.

This situation with BlackRock has been quite tumultuous, and I believe they will eventually launch the XRP/SOL ETF. Considering today's ETH market cap surpassing 500 billion, this wave of ETF enthusiasm will likely cause altcoins to surge.

However, a BlackRock spokesperson clearly stated that there are currently no plans, which feels like a smokescreen. Market sentiment is high, AR has broken $8, and AAVE has surpassed $310; DeFi projects are about to take off.

In my personal view, the target for SOL is above 180, but we must be wary of regulation. I suggest positioning before the application deadline in October; missing this wave could lead to regrets.