BlackRock Could File for XRP ETF. What Could It Mean for Approval Odds?

There is growing chatter about BlackRock potentially filing an XRP ETF despite the fact that the asset management behemoth previously dismissed the idea of touching other altcoins.

In a recent post, prominent ETF analyst Nate Geraci wondered whether XRP or Solana ETFs would get batch-approved with other applications. This would be in line with how BlackRock has handled Bitcoin and Ethereum ETF applications.

If BlackRock suddenly reverses course and files for an XRP ETF, this could shake up the current race that already has plenty of participants such as Bitwise, Canary Capital, 21Shares, and, of course, Franklin Templeton.

As reported by U.Today, Geraci previously predicted that BlackRock and Fidelity could join the ETF race since these two giants would not remain on the sidelines. As of now, however, there is no indication that these firms are ready to come up with their S-1 filings in the near future.

Favoritism accusations

As reported by U.Today, VanEck recently sent a letter to the SEC, in which it voiced its frustration over how it was effectively pushed to the sidelines by bigger players such as BlackRock and Fidelity.

VanEck believes that this kind of favoritism actually undermines innovation within the ETF space.

Together with smaller ETF issuers, VanEck has urged the SEC to reinstate a “first-to-file” system for approving ETF applications.

XRP approval odds

As of now, XRP approval odds seem to be exceptionally high, according to Polymarket bettors.

According to Bloomberg, Paul Atkins’s SEC is likely to approve such products in late 2025, but there is a small chance of such a product being greenlit as early as this July.