The resolution has already been factored into XRP’s price surge above $3 again. It has also led to an interesting speculation from market expert Nate Geraci, who suggested that BlackRock may now look to file for an iShares XRP ETF.
“Makes zero sense for them to ignore crypto assets beyond btc & eth,” he wrote. According to him, limiting exposure to just Bitcoin and Ethereum would be like saying they’re the only assets that will ever matter. That stance is very questionable given the altcoin’s price performance since last year.
At the time of writing, BlackRock holds the largest share of assets in both Bitcoin and Ethereum ETFs in the US. The firm’s Spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has dominated inflows since launch and is currently holding $86.53 billion in net assets. Furthermore, its iShares Ethereum Trust has quickly become the leader among Ethereum ETFs with $12.35 billion in net assets.
