Nate Geraci, President of The ETF Store, has expressed confidence in the future approval of a spot XRP exchange-traded fund (ETF) in the United States.
Geraci expects the Ripple lawsuit to come to an end, making the approval of a spot XRP ETF only a matter of time. He predicts that major asset managers like BlackRock and Fidelity will be involved in the launch of XRP ETFs.
Geraci also believes that BlackRock will file for both Solana and XRP ETFs, as they currently lead in spot Bitcoin and spot Ethereum ETF assets under management.
The recent agreement by the SEC to drop its appeal against Ripple and return a portion of the fine has increased optimism for the approval of a spot XRP ETF.