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BlackRock Expected to File for XRP ETF After Ripple Case
The post BlackRock Expected to File for XRP ETF After Ripple Case appeared on BitcoinEthereumNews.com. Key Points: BlackRock may file XRP ETF with SEC post-Ripple lawsuit resolution. Nate Geraci anticipates diversification beyond BTC and ETH. Ripple and SEC have waived appeal, removing legal barriers. Nate Geraci, President of NovaDius Wealth Management, anticipates BlackRock will file an XRP ETF with the U.S. SEC post-Ripple lawsuit resolution, urging broader crypto diversification. BlackRock’s potential XRP ETF could enhance crypto portfolio diversity, challenging the current focus on Bitcoin and Ethereum. BlackRock Eyes XRP ETF Post-Lawsuit Resolution Nate Geraci, President of NovaDius Wealth Management, expects BlackRock to apply for an XRP ETF after the resolution of Ripple’s legal battle. He emphasized that BlackRock may seek to expand crypto ETF offerings beyond Bitcoin and Ethereum. “An XRP ETF filing makes strategic sense for diversification,” Geraci noted, highlighting the potential for BlackRock to make strides in this arena. This expected filing aligns with efforts to diversify crypto portfolios. The end of the lawsuit between Ripple and the SEC removes key legal barriers, potentially paving the way for new financial products. Market reactions have been notably positive, with community sentiment reflecting anticipation for the expanded institutional involvement. “We’re getting closer to the finish line,” Geraci emphasized, highlighting market urgency. XRP Market Surge with Potential BlackRock ETF Did you know? BlackRock’s potential XRP ETF would follow breakthroughs like the SEC’s early 2024 spot Bitcoin ETF approval, which significantly increased liquidity in similar markets, exemplifying regulatory progression. According to CoinMarketCap, XRP’s current price stands at $3.34, with a market cap of 198,200,106,684 and a market dominance of 5.12%. The last 24 hours showed a trading volume of 11,440,506,376, marking a change of 172.11%. XRP’s price increased by 11.20% over the same period. The circulating and max supply figures are 59,308,385,925 and 100,000,000,000, respectively. XRP(XRP), daily chart, screenshot on CoinMarketCap at 07:07 UTC on August 8,…
The post BlackRock Expected to File for XRP ETF After Ripple Case appeared on BitcoinEthereumNews.com.
Key Points: BlackRock may file XRP ETF with SEC post-Ripple lawsuit resolution. Nate Geraci anticipates diversification beyond BTC and ETH. Ripple and SEC have waived appeal, removing legal barriers. Nate Geraci, President of NovaDius Wealth Management, anticipates BlackRock will file an XRP ETF with the U.S. SEC post-Ripple lawsuit resolution, urging broader crypto diversification. BlackRock’s potential XRP ETF could enhance crypto portfolio diversity, challenging the current focus on Bitcoin and Ethereum. BlackRock Eyes XRP ETF Post-Lawsuit Resolution Nate Geraci, President of NovaDius Wealth Management, expects BlackRock to apply for an XRP ETF after the resolution of Ripple’s legal battle. He emphasized that BlackRock may seek to expand crypto ETF offerings beyond Bitcoin and Ethereum. “An XRP ETF filing makes strategic sense for diversification,” Geraci noted, highlighting the potential for BlackRock to make strides in this arena. This expected filing aligns with efforts to diversify crypto portfolios. The end of the lawsuit between Ripple and the SEC removes key legal barriers, potentially paving the way for new financial products. Market reactions have been notably positive, with community sentiment reflecting anticipation for the expanded institutional involvement. “We’re getting closer to the finish line,” Geraci emphasized, highlighting market urgency. XRP Market Surge with Potential BlackRock ETF Did you know? BlackRock’s potential XRP ETF would follow breakthroughs like the SEC’s early 2024 spot Bitcoin ETF approval, which significantly increased liquidity in similar markets, exemplifying regulatory progression. According to CoinMarketCap, XRP’s current price stands at $3.34, with a market cap of 198,200,106,684 and a market dominance of 5.12%. The last 24 hours showed a trading volume of 11,440,506,376, marking a change of 172.11%. XRP’s price increased by 11.20% over the same period. The circulating and max supply figures are 59,308,385,925 and 100,000,000,000, respectively. XRP(XRP), daily chart, screenshot on CoinMarketCap at 07:07 UTC on August 8,…
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