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BlackRock Expands Its Crypto Horizons with Planned Solana and XRP ETFs

by aria-crypto.com

March 14, 2025 at 16:27

BlackRock Expands Its Crypto Horizons with Planned Solana and XRP ETFs

BlackRock, the world's largest asset manager, is gearing up to further entrench its leadership in the cryptocurrency ETF market by planning filings for Solana and XRP ETFs. Nate Geraci, President of The ETF Store, outlined that BlackRock aims to stay competitive as other firms launch similar products, noting that Solana and XRP are among the top five non-stablecoin cryptocurrencies. The company may quickly file a Solana ETF while waiting for the resolution of Ripple's legal issues with the SEC before proceeding with an XRP ETF. Several other asset managers have also stepped into this arena, with firms like Franklin Templeton applying for a Solana ETF via Chicago Board Options Exchange BZX and Bitwise seeking regulatory approval for a spot XRP ETF. This flurry of activity highlights increasing institutional interest in a broader range of digital assets beyond Bitcoin and Ethereum. These developments underscore a significant shift towards diversifying investment opportunities in the crypto market and could lead to enhanced investor engagement in digital assets.

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