BlackRock and Fidelity Racing to Launch XRP ETF: 82% Approval Probability!

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Oh, the drama of financial warfare! The US is witnessing a heated race for the much-coveted XRP ETF, and major financial behemoths like BlackRock and Fidelity are predicted to join the fray!

But wait, did you think America would lead the way? Brazil, of all places, beat them to the punch with an XRP ETF after Hashdex got the green light a mere month ago. Yes, Brazil—who would’ve thought!

Nate Geraci: XRP ETF Approval is “Just a Matter of Time”—Oh Really?

Nate Geraci, the self-proclaimed “oracle” of ETF affairs, has made an audacious statement: the XRP ETF approval is “simply a matter of time.” Naturally, Geraci, who serves as president of the ETF Store, says the XRP token is the third-largest non-stablecoin crypto asset by market cap—because of course it is. Naturally, that makes it irresistible to big players like BlackRock and Fidelity. In case you’re wondering, these giants aren’t known for backing losers.

Geraci even predicts these titans of finance will follow the trail blazed by the likes of Bitwise, Canary Capital, WisdomTree, and Grayscale. You know, just a few minor players in the financial world.

“With the Ripple lawsuit nearing its end, it seems obvious that spot XRP ETF approval is merely a formality. And yes, I fully expect BlackRock, Fidelity, and the rest of the big names to jump on board. XRP is currently the 3rd largest non-stablecoin crypto. The biggest ETF issuers aren’t going to sit idly by and ignore this,” Geraci confidently declared.

Now, about Fidelity—while their intentions are still shrouded in mystery, BlackRock’s stance is a little clearer. They’re not exactly running to get involved with altcoins like Solana or XRP, preferring to focus on the heavyweights like Bitcoin and Ethereum. Why? Well, because those have performed well, and regulatory uncertainty still hangs over the rest of the cryptosphere.

“We’re just scratching the surface with Bitcoin and Ethereum. Barely anyone owns these ETFs. So why would we launch altcoin ETFs like Solana or XRP?” said Eric Balchunas of Bloomberg, quoting Jay Jacobs, the head of BlackRock’s ETF department. Makes sense, doesn’t it?

But, lo and behold, there’s a twist! Ripple’s legal woes with the SEC are winding down, with the securities regulator dropping its case. Oh, what a victory for Ripple! And now, with Ripple walking away with a cool $75 million from the settlement, it’s only a matter of time before the XRP ETF enters the mainstream. Perhaps it’s not all doom and gloom after all.

Ripple CEO Brad Garlinghouse has a renewed sense of hope. After all, with this newfound clarity, institutional adoption is looking more likely. He predicted five months ago that an XRP ETF was practically inevitable, and now—well, now he’s looking like a prophet. Who saw that coming?

The Odds of an XRP ETF Approval Have Skyrocketed to 82%. Seriously.

In an unexpected twist, the SEC has started a 240-day countdown to review XRP ETF applications. No, this isn’t a plot twist from a financial thriller—this is real life. According to Polymarket data, the odds of approval for an XRP ETF in 2025 have surged to a shocking 82%. And—wait for it—there’s even a 41% chance it could be approved by July 31, 2025. Someone get the popcorn.

The newfound optimism is no accident. The SEC’s previous approval of Bitcoin ETFs has sent a ripple effect (pun intended) through the market, suggesting that XRP’s time may have come as well.

According to JPMorgan analysts, XRP ETFs could pull in anywhere from $6 to $8 billion in the next 6-12 months. That’s a lot of zeros. It’s clear that institutional investors are dying to dip their toes into the world of crypto—but, you know, without the whole “custody risk” thing. Because, really, who wants to hold their own crypto?

But hold on a second! While XRP ETFs are looking great, the question of whether there’s enough demand for other altcoin ETFs is still up in the air. The market might just be too crowded already.

Nic Puckrin, a financial analyst and founder of The Coin Bureau, isn’t so sure. He thinks the market might be flooded with so many ETFs that it’s hard to see how adding more would make sense.

“Trump Media’s new “Made in America” ETFs – featuring US-made altcoins and stocks – will probably crash and burn. Mark my words. Investors are just going to stick with the tried and true BTC ETFs. All that noise will be forgotten,” Puckrin said with a touch of cynicism.

As of now, XRP is trading at $2.47. It’s up by a modest 2% in the last 24 hours. Who says crypto isn’t volatile?

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2025-03-26 13:02