Momentum is building around the possibility of a BlackRock XRP ETF filing, stirring new conversations within the digital asset and exchange-traded fund space. The asset management giant, which had previously avoided altcoins beyond Bitcoin and Ethereum, is now being linked to XRP amid wider criticism of how the SEC handles ETF approvals.
According to prominent ETF analyst Nate Geraci, If BlackRock applies to launch XRP or Solana ETFs, they may be approved as rapidly as Bitcoin and Ethereum ETFs because of the SEC’s existing rules. The comments were made because smaller companies are experiencing more challenges with how regulations are being approved. With BlackRock coming into the XRP ETF race, the competition might change, putting more emphasis on the SEC to look into concerns of unfair practices in the industry.
Smaller Firms Push Back Against SEC Favoritism
Little-known issuers such as VanEck, 21Shares, and Canary Capital seem dissatisfied with the way the approval process works. According to their letter to the SEC, the large filers are enjoying special treatment from regulations, undermining what the early companies are trying to achieve.
According to VanEck, there was a problem with the SEC’s decision to push the larger issuers to follow the procedures set by the smaller companies. Now, the company is asking to revive the “first-to-file” approach, which would add fairness to the evaluations of ETFs.
Analysts have added to this belief by pointing out that smaller companies are not able to compete despite their efforts at innovation. BlackRock and Fidelity are often considered in charge of the regulatory process, so smaller companies are now calling for changes that support equal treatment in giving access to ETF listings.
XRP ETF Odds Rise Amid Filing Speculation
More market experts think it is likely that an XRP ETF will receive approval. In the opinion of Polymarket and others, the product may get the green light by as early as mid-2025.
So far, BlackRock has not made an official XRP ETF application, but experts think its altcoin ETF plans are about to come to life. Previously, Geraci thought that BlackRock and Fidelity would not hesitate to join the ETF market. The actions of BlackRock may have a significant effect on the market, especially considering that Franklin Templeton and Bitwise are also in the market for ETFs.
Conclusion
There is increasing pressure on all crypto ETF players because BlackRock could launch an XRP ETF. As there is more criticism about the SEC’s regulations, their future actions could affect the development of similar investment products.
