BREAKING: BlackRock’s XRP ETF Filing Imminent—Nate Geraci Drops Bombshell Prediction
Wall Street's sleeping giant just blinked—and crypto markets are about to feel the earthquake.
BlackRock's stealth play for an XRP ETF could drop any day now, according to ETF whisperer Nate Geraci. The move would mark a stunning reversal for the once-ostracized token, now potentially getting the golden stamp of institutional approval.
Why this matters: When the world's largest asset manager sneezes, the crypto market catches pneumonia. An XRP ETF would force every compliance officer at traditional finance firms to suddenly 'reassess their risk models' (read: scramble to cover their shorts).
The irony? The same institutions that spent years dismissing XRP as 'toxic' might soon package it in a nice, fee-generating wrapper for mom-and-pop investors. Only in finance do you get paid to flip your convictions.
XRP Price Surges on Legal Victory
After the news, the price of XRP increased by more than 13% in 24 hours, outpacing the crypto market growth of 3.75%. South Korean exchanges saw trading volume surge by more than 1,200%. Derivative traders bought large call and put options, signaling expected volatility.
However, Bloomberg analyst Eric Balchunas is doubtful that an XRP ETF will be filed soon. He believes that BlackRock could instead concentrate on Bitcoin and ethereum ETFs, as there are few advantages to increasing the number of crypto assets.
Meanwhile, Polymarket’s odds for XRP ETF approval rose to 88%, reflecting growing optimism. By filing an XRP ETF, BlackRock would increase the crypto exposure of investors to more than Bitcoin and Ethereum, making digital assets more accessible.
What is an ETF?
An ETF (Exchange-Traded Fund) is a stock exchange-traded investment fund. A crypto ETF allows one to purchase shares that are pegged to cryptocurrencies without having to own the cryptocurrencies directly, making crypto investing easier for all.
This legal certainty may become a breakthrough in the development of XRP and crypto ETFs in mainstream finance.
Also Read: Analyst Target xrp price $4 as SBI Files for XRP ETF