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ETF Analyst Nate Geraci: SEC Likely to Approve Spot XRP ETFs, BlackRock Expected to Enter the Market
ETF analyst Nate Geraci has stated that the U.S. Securities and Exchange Commission (SEC) is expected to approve spot XRP ETF applications in the near future. Geraci, who also serves as the president of the investment advisory firm ETF Store, asserted that major financial institutions such as BlackRock and Fidelity are unlikely to remain on the sidelines and are expected to submit their own XRP ETF applications.
“The regulatory uncertainty surrounding Ripple has largely been resolved, making the approval of an XRP ETF a matter of time,” Geraci explained. “Given that XRP is currently the third-largest digital asset by market capitalization, excluding stablecoins, major players in the ETF industry will not overlook this opportunity.”
As of today, XRP ETF filings have been made at five different points. While BlackRock and Fidelity have yet to officially submit applications, early entrants in the race include Grayscale, Franklin, Canary, WisdomTree, CoinShares, 21Shares, and Bitwise.
Market anticipation is growing around the potential demand for an XRP ETF once approved. According to estimates from Northstake, XRP ETFs could attract approximately $800 million in investments within the first week of trading. JPMorgan analysts suggest this figure could reach $8 billion in the first year.
Additionally, recent reports indicate that the SEC is considering classifying XRP as a commodity, a move that could further facilitate the approval and adoption of spot XRP ETFs.
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