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Opinion: BlackRock to Submit XRP Spot ETF Application to SEC

Summary: According to The ETF Store President Nate Geraci, following the resolution of the Ripple lawsuit, BlackRock will submit an XRP ETF application to the U.S. Securities and Exchange Commission to promote diversification in cryptocurrency ETF portfolios. Geraci stated that it would be meaningless for BlackRock to ignore other crypto assets, as it would be signaling ...

According to The ETF Store President Nate Geraci, following the resolution of the Ripple lawsuit, BlackRock will submit an XRP ETF application to the U.S. Securities and Exchange Commission to promote diversification in cryptocurrency ETF portfolios. Geraci stated that it would be meaningless for BlackRock to ignore other crypto assets, as it would be signaling to the market that only BTC and ETH have value.

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