BlackRock Likely To File For Spot XRP And Solana ETFs By October Deadline, Says Expert
Nate Geraci, president of NovaDius Wealth Management, outlined the latest developments in the crypto ETF arena, asserting that BlackRock is expected to file for spot XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) ETFs — possibly as early as this October.
What Happened: In an appearance on the Thinking Crypto podcast on Wednesday, Geraci emphasized the SEC’s recent approval of in-kind creation and redemption mechanisms for crypto ETFs as a pivotal regulatory shift. This step enhances ETF efficiency and reduces costs, although it has largely gone unnoticed by retail investors.
However, despite procedural readiness, some already-approved ETFs (like those from Grayscale and Bitwise) are still delayed, likely due to internal SEC politics — particularly resistance from Commissioner Caroline Crenshaw. Geraci suggested …
About The Author
