BlackRock’s public insistence that it has no plans to launch an XRP exchange-traded fund hasn’t put the rumor mill to rest. Nate Geraci, president of the ETF Store and a long-time ETF analyst, told the market he still expects both XRP and Solana spot ETFs to show up in BlackRock’s lineup eventually — just not immediately.
The discussion heated up after a back-and-forth on X, and while a BlackRock spokesperson reiterated there are no plans right now, Geraci stopped short of declaring who’s right and instead argued the “endgame” likely includes an XRP ETF.
That possibility gains weight after Ripple’s protracted legal battle with the SEC officially closed last week. A joint filing ended appeals and effectively locked in Judge Analisa Torres’ 2023 ruling: institutional XRP sales violated securities law, exchange sales to retail investors did not, and XRP itself is not a security — leaving the token’s legal status far clearer than it has been in years.
BlackRock already lists Bitcoin and Ethereum ETFs, and adding XRP could give institutions regulated exposure without relying on exchanges, potentially boosting liquidity and smoothing integrations into payment networks and banking rails. For now BlackRock’s answer is a firm “no,” but Geraci notes timing, evolving rules and competitive pressure could turn “no” into “next” down the road, keeping the XRP ETF debate very much alive.
