Nate Geraci, one of the main analysts of the FNB, plans that Blackrock and Fidelity will soon join the ETF XRP race, with the approval that should occur soon. Its optimism stems from the resolution of the legal battle of Ripple with the dry of the United States.
Ripple’s victory erases the path for XRP ETF
Stuart Alderoty, the best lawyer in Ripple, revealed that the company had managed to reduce its fine by $ 125 million to only $ 50 million, down from the initial demand of 2 billion dollars in the SEC. In addition, the injunction against Ripple should be lifted at the request of the dry.
After four exhausting years, experts say that the path is now clear for an XRP (ETF) fund (ETF) in the United States in a last post X, Geraci has noted “The ETF XRP approval seems obvious.
He also pointed out that XRP is currently the third largest non-stable cryptocurrency by market capitalization, making it an important player on the market. And given its size and growing interest, the biggest ETF issuers, such as Blackrock and Fidelity, do not neglect the potential to launch an XRP ETF.
While the SEC has been cautious about the approval of the ETF Altcoin, Geraci thinks that the agency will eventually approve them. He also underlined the current debate on the question of whether the ETF of the wide crypto index or the unique active FNB will direct the market. Although it expects the dry to set limits to approvals, Geraci remains optimistic about the growth of these financial products.
Blackrock to associate with Ripple?
In a recent Bloomberg interview, Ripple CEO Brad Garlinghouse was asked about the collaboration with BlackRock to launch an XRP ETF in the United States while Garlinghouse did not confirm the partnership, he triggered speculation by declaring: “We think that makes sense for the XRP community as a whole”.
Many believe that once the regulatory problems of Ripple resolved, the asset managers will move quickly to launch an XRP ETF later in the year. Other CEOs in Ripple are also convinced that XRP will join the Stock of the American Digital Asset.
Increase in the chances of approval of the ETF XRP
Meanwhile, Polymarket, a decentralized prediction platform, shows an 84% chance of ETF XRP applor in 2025. Experts from the industry closely monitoring XRP, many anticipate a potential escape to $ 3 soon, signaling a promising future for the token.
