The cryptocurrency market is buzzing with anticipation as industry experts predict an XRP spot ETF could be the next major institutional product, following Ripple’s historic $50M settlement with the SEC.
ETF Expert Predicts BlackRock’s XRP ETF Entry
Nate Geraci, President of The ETF Store and a respected voice in the ETF industry, has reinforced his conviction that a spot XRP ETF approval is inevitable. Speaking via X (formerly Twitter), Geraci emphasized that major asset managers like BlackRock and Fidelity are unlikely to ignore XRP’s position as the third-largest non-stablecoin cryptocurrency by market capitalization.
SEC Settlement Clears Path for Institutional Products
The timing of Geraci’s prediction coincides with significant developments in the Ripple ecosystem. The SEC has agreed to drop its appeal against Ripple, with the company set to pay a reduced fine of $50 million. This resolution effectively removes a major regulatory barrier that has prevented institutional investment products tied to XRP.
Timeline and Market Impact
According to legal experts, the case’s formal conclusion could take up to 60 days, involving the SEC’s vote and court processes. This timeline aligns with the broader trend of institutional crypto adoption, as evidenced by Fidelity’s recent filing for a spot Solana ETF.
Market Response and Price Action
XRP’s price has shown resilience amid these developments, trading at $2.4495. The potential for a spot ETF could significantly impact XRP’s market dynamics, similar to how Bitcoin and Ethereum ETFs have influenced their respective markets.
FAQ Section
When could we see an XRP ETF approval?
Following the SEC settlement’s completion (estimated 60 days), BlackRock and other institutions could file for XRP ETFs, with the approval process typically taking 240 days.
Which institutions are likely to file for XRP ETFs?
BlackRock and Fidelity are considered the most likely candidates, given their existing crypto ETF offerings and market leadership positions.
What impact could an XRP ETF have on price?
Historical data from Bitcoin and Ethereum ETF launches suggests potential for significant price appreciation due to increased institutional access and investment flows.