The cryptocurrency market is buzzing with anticipation as major financial players edge closer to launching exchange-traded funds (ETFs) for top digital assets beyond Bitcoin and Ethereum. Among the most watched developments is the growing speculation that BlackRock, the world’s largest asset manager, may file for both Solana (SOL) and XRP ETFs—a move that could dramatically reshape institutional adoption and price momentum for these assets.
Nate Geraci, president of The ETF Store, made headlines on March 14, 2025, with a bold prediction on social media: BlackRock will not sit idle while competitors race to capture emerging crypto ETF opportunities.
“BlackRock will file for both Solana and XRP ETFs. Solana could be any day. Think XRP once the SEC lawsuit concludes. I simply don’t see them allowing competitors to come in & launch ETFs on 2 of the top 5 non-stablecoin crypto assets w/out any sort of fight.”
This statement has sparked renewed optimism in the XRP community, especially after months of regulatory uncertainty surrounding Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC).
Why Solana and XRP Are Prime ETF Candidates
Solana and XRP rank among the top five non-stablecoin cryptocurrencies by market capitalization, making them natural contenders for institutional-grade investment products. BlackRock already dominates the spot Bitcoin and Ethereum ETF markets with record inflows, and analysts believe it won’t cede ground in the next wave of asset expansion.
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With firms like 21Shares, VanEck, Franklin Templeton, and ProShares already filing applications for Solana and XRP ETFs, competition is intensifying. If approved, these products would offer regulated, accessible exposure to investors through traditional brokerage accounts—potentially unlocking billions in new capital.
The XRP Regulatory Landscape: A Turning Point?
The SEC first sued Ripple Labs in December 2020, alleging that its sale of XRP constituted an unregistered securities offering. That lawsuit has cast a shadow over XRP’s U.S. trading status and delayed mainstream financial integration.
However, recent signals suggest a possible resolution. On March 12, journalist Eleanor Terrett reported that Ripple’s case is nearing settlement. While negotiations were reportedly delayed due to disputes over a proposed $125 million fine and restrictions on future XRP sales, many now believe the endgame is near.
A favorable outcome—particularly one classifying XRP as a commodity rather than a security—could pave the way for SEC approval of a spot XRP ETF. This shift would align XRP with Bitcoin and Ethereum, which are currently treated as commodities under U.S. law.
Market sentiment reflects this growing confidence. At the time of writing, XRP trades at $2.40**, up 3.63% in the past 24 hours. Although daily trading volume dipped by 17.29% to $4.6 billion, CoinGlass data shows that XRP Futures Open Interest surged 3.78% to $3.38 billion**, signaling strong institutional positioning and bullish expectations.
XRP Price Forecast: Can It Reach $5?
With regulatory clarity on the horizon and institutional demand building, crypto analysts are turning increasingly optimistic about XRP’s price potential.
Rose Premium Channels, a well-known technical analyst, outlined a clear bullish trajectory for XRP:
- Key support levels: $2.10 and $2.20
- Price targets: $3.00 → $4.20 → $5.00
This forecast suggests a potential 108% upside from current levels if the $5 target is reached. Such a rally would require sustained buying pressure, positive regulatory news, and likely the approval of a spot ETF.
Historically, ETF approvals have triggered significant price surges in crypto markets. For example, after the launch of the first spot Bitcoin ETF in January 2024, BTC rose over 60% in the following three months. A similar pattern could unfold with XRP if BlackRock or another major issuer enters the space.
Competitive Race for Crypto ETF Approvals
The race to launch the first Solana and XRP ETFs has become a high-stakes game among asset managers:
- June 2024: 21Shares and VanEck submitted filings for Solana ETFs.
- Early 2025: Franklin Templeton joined the fray with its own Solana ETF application.
- January 17, 2025: ProShares filed for multiple XRP-based investment products, including the ProShares XRP ETF.
- Other firms like Bitwise and WisdomTree have also submitted applications for spot XRP ETFs.
These filings indicate that demand for diversified crypto exposure is rising fast. If even one of these proposals gains SEC approval, it could trigger a domino effect, accelerating approvals for others.
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FAQ: Your Questions About XRP and Solana ETFs—Answered
Q: Why would BlackRock file for an XRP ETF now?
A: BlackRock aims to maintain dominance in crypto ETFs. With competitors entering the Solana and XRP space, it’s strategically vital to protect market share and meet investor demand.
Q: When might a Solana ETF be approved?
A: Filings could come "any day," according to Nate Geraci. Approval timing depends on SEC review processes, but market readiness suggests a decision could come within 6–12 months of filing.
Q: What impact would an XRP ETF have on price?
A: An approved ETF would bring institutional inflows, increased liquidity, and broader adoption—all bullish drivers that could propel XRP toward $5 or higher.
Q: Is XRP legally safe to invest in now?
A: While the SEC case isn't fully resolved, partial rulings have allowed Ripple to sell XRP programmatically, signaling progress. A final settlement could remove lingering uncertainties.
Q: How does open interest affect XRP’s price?
A: Rising futures open interest indicates growing trader commitment and leverage use, often preceding strong price moves—especially when combined with positive news.
Q: Could political changes affect crypto regulation?
A: Yes. Shifts in U.S. leadership or regulatory priorities could lead to more favorable policies, especially if digital assets are classified as commodities rather than securities.
Final Outlook: Institutional Momentum Builds
While regulatory hurdles remain, the momentum behind Solana and XRP ETFs is undeniable. BlackRock’s potential entry into these markets would be a game-changer—validating both assets as serious contenders in the evolving digital economy.
For investors, the combination of technical strength, rising open interest, and growing institutional interest paints a compelling picture. With key support holding at $2.10–$2.20 and multiple catalysts on the horizon, a rally to $5 is no longer just speculation—it's a plausible scenario within reach.
As the crypto landscape matures, staying informed and positioned ahead of major developments is crucial.
👉 Prepare for the next leg of the bull run—monitor market depth and ETF news live.
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