BlackRock, the world’s largest asset manager, may soon offer Exchange-Traded Funds (ETFs) for XRP and Solana (SOL).
Major financial institutions are currently building towards launching ETF products for digital currencies despite the lack of movement from BlackRock.
Grayscale, as one of the leading cryptocurrency investment companies, submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the creation of a Solana ETF.
XRP and Solana demonstrate promising market dynamics supported by increasing institutional participation, which indicates their development potential in international financial sectors.