Blackrock, the world’s largest asset manager, the Solana and XRP exchange market (ETF), is expected to enter, according to Night Girassy, head of ETF store.
In x mail This is Friday, Girassi predicted that Blackrock will be presented to both ETF Solana and XRP boxes, with a Solana coming “on any day” and XRP after resolving its ongoing legal battle with the US Securities and Stock Exchange Committee (SEC).
“Blackrock is currently the pioneer by the assets in both Bitcoin and Ether Etfs,Gerasi books. “I simply do not see them allowing competitors to attend and launch the traded investment funds on 2 of the 5 best assets that are not stable with any kind of fighting.”
Blackrock said he was not interested in other encryption qualifications
Blackrock has yet to make any official or specific moves to allow it to launch XRP or Solana ETF. Last year, all CEOs, including CEO Larry Fink, the active traded investment fund, Jay Jacobs, and Sue Samara Cohen, said that the world’s largest asset manager will not look forward to adding traded investment funds alongside Bitcoin and Ethereum coins any time soon.
Speaking to Eric Balunas, ETF chief ETF in Bloomberg, in December, Jay Jacobs stated that the company focuses on its current investment encryption cars and was not currently interested in others.
“We are only really on the tip of the icebergs with Bitcoin, especially Ethereum. Just a small part of our customers possess ($ Ibit and $ ETHA) so that’s what we focus on.” Note Jacobs.
Wrong rumors distributed on social platforms in January 2025 about the Ishares XRP TRUST file, but Balchunas revealed it and said that at that time, Blackrock did not make any ETF XRP presentations.
SEC has not yet approved any Spot XRP ETF apps, which recently decided to postpone the provisions on files from companies such as Grayscale. However, industrial observers such as Gerasi expect the United States government to support its organizational promise and set a conclusion to crowning a legal battle with SEC.
The rope tightened at XRP with the financial side in December 2020. But the first got a partial victory in July 2023, when the judge’s court presided over Anjia Torres Ruling The direct Ripple sales of XRP for institutional investors violated securities laws, but sales in public stock exchanges did not constitute securities transactions.
The Securities and Stock Exchange Committee, led by former President Gary Ginsner, has sought to appeal the decision and withdraw the case so far. After Gensler left his post on January 20, he dropped the “renewed” financial side several cases against coding companies such as Coinbase. XRP now believes that Ripple may be the next, although they are not sure when it will be.
Solana, XRP ETFS can be approved in 2025
Last Monday, as I mentioned By Cryptopolitan, Asset Manager Franklin Templeton presented a file with SEC for XRP ETF. The proposed box will track the price of XRP, with Coinbase Custody Trust as the guardian of its property.
Franklin Templeton joins an increased list of companies competing for XRP ETF. As of March 14, nine companies applied for similar products, including BitWise, Proshares, 21shares and others.
Bitwise was the first to introduce the S-1 file to get XRP ETF on October 2, 2024, while it followed 21shares and Wisdomtree in late 2024. Prosthares and Coinshares also entered the competition this year, as it provided many XRP ETF products on January 17 and February 11, respectively.
In addition to developments in the XRP ETF market, SEC has recognized a number of investment funds traded in Solana, including Canary Solana Trust, proposed by Canary Capital. The organizer also recognized similar applications from Vaneck, 21shares and BitWise.
The decentralized betting platform learns polymarkets Solana Etf Green light before July 31 with a possibility of 52 %, while XrpPrediction is expected in the same period 36 %.
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