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Benzinga
Benzinga
Business
Khyathi Dalal

BlackRock Likely To File For Spot XRP And Solana ETFs By October, Given Regulatory Deadline, Says Expert

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Nate Geraci, president of NovaDius Wealth Management, outlined the latest developments in the crypto ETF arena, asserting that BlackRock is expected to file for spot XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) ETFs — possibly as early as this October.

What Happened: In an appearance on the Thinking Crypto podcast on Wednesday, Geraci emphasized the SEC's recent approval of in-kind creation and redemption mechanisms for crypto ETFs as a pivotal regulatory shift. This step enhances ETF efficiency and reduces costs, although it has largely gone unnoticed by retail investors.

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