BlackRock May Request Solana and XRP ETFs from the SEC
- BlackRock mulls entry into Solana and XRP ETFs.
- XRP legal challenges impact ETF strategies.
- Interest in Solana and XRP ETFs is growing.
BlackRock, the world’s largest asset manager, is considering launching Solana and XRP ETFs, according to information released by Nate Geraci, president of The ETF Store. This potential expansion of the company’s cryptocurrency portfolio could include two of the major digital assets that have not yet been explored by the financial giant in the exchange-traded fund markets.
Nate Geraci anticipates that BlackRock may be close to filing for ETFs for Solana and XRP, with Solana likely to be introduced soon and the XRP ETF pending the conclusion of Ripple’s legal challenges with the SEC. Geraci reinforced BlackRock’s strong position in the space, stating: “BlackRock is currently the asset leader in Bitcoin and Ether ETFs. I simply don’t see them allowing competitors to come in and launch ETFs in 2 of the top 5 non-stablecoin crypto assets without some sort of fight.”
Despite leading the way in Bitcoin and Ethereum ETFs, senior executives at BlackRock, including CEO Larry Fink and head of active ETFs Jay Jacobs, have remained cautious about expanding into other cryptocurrencies. Speaking to Bloomberg senior ETF analyst Eric Balchunas, Jacobs noted that the firm remains focused on its existing investment products, saying, “We’re really just at the tip of the iceberg with Bitcoin and especially Ethereum. Only a small fraction of our clients hold ($IBIT and $ETHA), so that’s where we’re focused.”
Rumors of BlackRock registering an iShares XRP Trust surfaced in early 2025, but were quickly dismissed by Balchunas, who confirmed that there was no such registration at the time. On the other hand, the SEC has yet to approve any XRP ETF applications, which adds to the uncertainty about the future availability of these products.
XRP's legal battle with the SEC, which began in December 2020, reached a milestone in July 2023 when Judge Analisa Torres ruled that while direct sales of XRP violated securities laws, sales on public exchanges were not securities transactions.
Interest in Solana and XRP ETFs has been growing, with several entities, including Franklin Templeton, filing applications with the SEC for approval of XRP ETFs. The SEC has also acknowledged several Solana ETF applications from companies such as VanEck and Bitwise.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fast food chain giant Steak 'n Shake asks whether it should accept BTC, and many KOLs respond
Telegram Founder Pavel Durov Leaves France, Moves to Dubai
Telegram founder Pavel Durov allowed to leave France and return to Dubai
Trending news
MoreCrypto prices
More








