ETF Expert Calls BlackRock’s XRP Snub ‘Highly Risky’

TL;DR

• Nate Geraci called BlackRock’s decision to avoid an XRP ETF “highly risky” and expects the firm to launch additional crypto funds eventually.
• BlackRock remains firmly focused on Bitcoin and Ethereum, while XRP ETFs hold $1.40 billion versus $98.63 billion for Bitcoin and $15.13 billion for Ethereum.
• Steven McClurg suggested XRP funds may need $3 billion before attracting BlackRock, while Geraci believes delaying could leave competitors established first.

BlackRock’s refusal to file for a spot XRP ETF is drawing criticism from ETF Store President Nate Geraci, who called the position “highly risky.” While rivals are pursuing crypto funds beyond Bitcoin and Ethereum, BlackRock remains concentrated on those two assets. Geraci argues that BlackRock is effectively betting no other crypto asset has enough value to justify a fund. He still expects the firm to “capitulate” eventually and launch additional spot crypto ETFs, despite its current strategy of limiting exposure to BTC and ETH products. That stance stands out as the broader ETF market expands.

… Continue reading the full article at the original source below.