Nate Geraci, president of registered investment advisor Novadius Wealth Management, joined the Thinking Crypto podcast, published on Aug. 6, 2025, to examine how institutional strategies are evolving within the crypto exchange-traded fund (ETF) space. Geraci, host of the ETF Prime podcast and co-founder of the ETF Institute, discussed Blackrock’s position as a market leader and its potential plans to launch more cryptocurrency products. He stated:

I am actually on record as saying that I do believe Blackrock will file for both spot XRP and solana ETFs.

Noting the lack of filings could indicate a wait-and-see strategy, Geraci said: “We’re getting a little bit late here in the sense of … we’re getting closer to the finish line and they still haven’t filed. Now, maybe they’re waiting for that formal framework that we talked about to be put into place and they’re going to swoop in at the last minute and file for these.”

Geraci pointed to Blackrock’s dominance in the digital asset ETF market: “Blackrock right now is the clear leader in crypto ETFs. They have the largest bitcoin ETF by far. They have the largest ether ETF.” He explained that based on the asset manager’s consistent preference for index-based exposure across asset classes, limiting crypto ETFs to bitcoin and ethereum alone would contradict their broader strategy.

He also framed the decision as defensive in nature, suggesting it would be premature to signal definitive winners in the crypto space without offering access to other chains like XRP or solana.

Turning to market sentiment, Geraci underscored that Blackrock’s decisions are fundamentally profit-driven, not based on whether a particular crypto asset is decentralized or trustworthy. He stated: “That’s not what they’re in the business of determining per se. And so I do think at some point it comes back to that,” pointing to the firm’s focus on making money above all else. He also highlighted strong investor interest:

We have seen decent demand for futures-based XRP ETFs and solana ETFs.

That level of demand, he noted, suggests there could be significant appetite for spot versions once they become available.

Moreover, XRP got a major boost on Aug. 7 after Ripple and the U.S. Securities and Exchange Commission (SEC) moved to dismiss their appeals in the long-running legal dispute over the token. The decision ended the high-profile case, and the market responded with higher XRP prices amid renewed regulatory clarity.

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