BlackRock Will Eventually Launch Both Solana (SOL) and XRP ETFs, Predicts The ETF Store's Nate Geraci

Nate Geraci, President of The ETF Store, Host of ETF Prime, and Co-Founder of The ETF Institute, has stoked fresh speculation around potential altcoin-focused ETFs

Nate Geraci, president of The ETF Store, host of ETF Prime, and co-founder of The ETF Institute, has predicted that BlackRock will apply for both Solana and XRP ETFs.

Geraci, who has been closely following developments in the ETF industry, said he believes the world’s largest asset manager will add both crypto assets to its growing portfolio of exchange-traded funds.

“I’m ready to log formal prediction… BlackRock will file for both Solana & XRP ETFs,” Geraci said on X, formerly known as Twitter.

“Solana could be any day. Think XRP once SEC lawsuit concluded. BlackRock is currently the leader by assets in both bitcoin & ether ETFs… I simply don’t see them allowing competitors to come in & launch ETFs on 2 of the top 5 non-stablecoin crypto assets w/out any sort of fight. I also believe BlackRock will file for crypto index ETFs btw.”

Geraci’s prediction comes after months of speculation about when and if BlackRock would expand its cryptocurrency ETF lineup.

In July last year, Samara Cohen, the firm’s chief information officer, said at an industry event that BlackRock had no plans to launch any new crypto ETFs other than Bitcoin and Ethereum.

However, several months later, in December, Jay Jacobs—BlackRock’s US head of thematic and active ETFs—said the $10 trillion asset manager was primarily focused on its existing crypto offerings, suggesting that altcoin-based ETFs were not immediately in the works.

Despite BlackRock’s earlier stance, industry analysts have pointed to growing demand for altcoin-based exchange-traded products (ETPs), including those tracking Solana and XRP.

Projections by banking giant JPMorgan in January suggested that a green light for these ETPs could trigger an initial wave of inflows totaling up to $14 billion in the first year alone.

According to the report, Solana-related ETPs could attract assets of $3 billion to $6 billion within six to twelve months, while XRP-based products could see $4 billion to $8 billion over the same period, assuming a favorable regulatory environment.

As of March 13, nine issuers—including Bitwise, Canary Capital, 21Shares, WisdomTree, ProShares, Grayscale, CoinShares, Volatility Shares, and Franklin Templeton—have submitted their respective applications with the U.S. Securities and Exchange Commission (SEC) for an XRP-centric ETF.

Both ProShares and Volatility Shares have also proposed multiple variants—including short and leveraged ETFs—suggesting a concentrated push to provide a broader spectrum of trading strategies for investors.

A key factor in Geraci’s prediction is the outcome of the SEC’s lawsuit against Ripple Labs. The asset’s regulatory status has been a subject of ongoing discussion, and many market observers believe that a resolution would encourage major financial institutions to launch any new crypto-focused investment vehicles.

At the time of writing, XRP is trading at $2.31.