Nate Geraci, president of NovaDius Wealth Management, outlined the latest developments in the crypto ETF arena, asserting that BlackRock is expected to file for spot XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) ETFs — possibly as early as this October.
What Happened: In an appearance on the Thinking Crypto podcast on Wednesday, Geraci emphasized the SEC’s recent approval of in-kind creation and redemption mechanisms for crypto ETFs as a pivotal regulatory shift. This step enhances ETF efficiency and reduces costs, although it has largely gone unnoticed by retail investors.
However, despite procedural readiness, some already-approved ETFs (like those from Grayscale and Bitwise) are still delayed, likely due to internal SEC politics — particularly resistance from Commissioner Caroline Crenshaw. Geraci suggested …