Big Shots BlackRock and Fidelity Ready to Tango in XRP ETF Dance-Off! 🕺💃

by

Our chum Nate Geraci, who fancies himself quite the oracle in the ETF world, has let slip that the titans BlackRock and Fidelity are poised to don their dancing shoes and join the merry jig that is the XRP ETF race. And why the sudden eagerness, you ask? It’s all thanks to Ripple’s rather triumphant waltz with the SEC, a dance-off that’s had everyone on the edge of their seats.

Ripple’s Legal Tango Opens the Floor for XRP ETF

Stuart Alderoty, the legal eagle at Ripple, shared a juicy tidbit – they’ve waltzed their way from a hefty $125 million fine down to a mere $50 million, a far cry from the SEC’s initial demand of a cool $2 billion. And, as if by magic, the SEC is expected to lift the injunction against Ripple, clearing the dance floor for an XRP ETF.

After four long years of legal tango, the path is now clear for an XRP exchange-traded fund in the good ol’ US of A. In his latest X post, Geraci quipped, “Seems obvious spot XRP ETF approval simply matter of time IMO. And yes, I expect BlackRock, Fidelity, etc to all be involved.” Quite the cheeky prediction!

Ripple lawsuit coming to end…

Seems obvious spot XRP ETF approval simply matter of time IMO.

And yes, I expect BlackRock, Fidelity, etc to all be involved.

XRP currently3rd largest non-stablecoin crypto asset by market cap.

Largest ETF issuers aren’t going to ignore this.

— Nate Geraci (@NateGeraci) March26,2025

Geraci also pointed out that XRP is currently the belle of the ball, being the third-largest non-stablecoin cryptocurrency by market cap. Given its stature, it’s hard to imagine the bigwigs like BlackRock and Fidelity sitting this one out.

Read more$70 million in 24 hours: Can Ethereum crack $4,000 thanks to whales?

While the SEC has been playing hard to get with altcoin ETFs, Geraci is betting they’ll eventually come around. He also mused about the ongoing debate: will broad crypto index ETFs or single-asset ETFs lead the dance? Despite expecting the SEC to play the part of a strict chaperone, Geraci remains hopeful about the flourishing of these financial products.

BlackRock and Ripple: A Match Made in Crypto Heaven?

In a recent tête-à-tête with Bloomberg, Ripple’s CEO Brad Garlinghouse was coyly asked about teaming up with BlackRock. While he didn’t give a straight answer, his “We think it makes sense for the XRP community overall” had everyone’s eyebrows doing the jitterbug.

Many a punter believes that once Ripple gets the all-clear, asset managers will be tripping over themselves to launch an XRP ETF. Garlinghouse, ever the optimist, is also betting that XRP will find its way into the U.S. Digital Asset stockpile.

XRP ETF Approval Odds: Looking Brighter Than a Disco Ball

Over at Polymarket, a rather clever prediction platform, the odds of an XRP ETF approval in2025 are sitting pretty at84%. With the wise owls of the industry keeping a keen eye on XRP’s price, many are predicting a grand ol’ leap to $3, heralding a golden age for the token.

Read More

2025-03-26 11:54