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The potential for a BlackRock-backed XRP ETF is gaining momentum, according to Nate Geraci, president of ETF Store and NovaDius Wealth Management. Geraci believes that with the Ripple vs. SEC case finally resolved, there’s nothing left holding back BlackRock from entering the XRP ETF race.
In a recent post on social media, Geraci stated that a filing for a BlackRock iShares XRP ETF could now happen “at any moment,” pointing to the legal clarity brought by the case’s closure. The development has sparked renewed discussion across the crypto investment space, especially among XRP supporters.
Ripple–SEC Lawsuit Officially Ends After Nearly Five Years
The speculation stems from the final resolution of the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). On August 8, 2025, both parties jointly submitted a motion to dismiss their appeals, officially ending a conflict that began in December 2020.
The decision followed a vote by SEC commissioners, with the majority agreeing to close the case. Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the resolution on social media, stating that the company is now fully focused on expanding its operations.
The lawsuit cost Ripple over $150 million and led to several major rulings — including a 2023 court decision declaring that XRP itself is not a security. The legal outcome significantly improved XRP’s position in the eyes of institutional investors and centralized trading platforms.
XRP’s Regulatory Status May Open the Door for New ETFs
Geraci believes the end of this legal battle was the final condition BlackRock may have been waiting on before taking action. While BlackRock already leads the market with its Bitcoin and Ethereum ETFs, Geraci questioned the logic of excluding XRP from its future lineup.
He argued that limiting ETF offerings to only Bitcoin and Ethereum sends a message that no other crypto assets have lasting value — a notion he finds unrealistic in the evolving digital asset space.
BlackRock Could Face Competition From Other XRP ETF Filers
BlackRock wouldn’t be the only player in the race if it decides to enter. Other major asset managers, including Bitwise, Franklin Templeton, and Grayscale, have already filed or are expected to file for XRP spot ETFs.
With the SEC’s deadlines for XRP ETF decisions falling in Q4 2025, the window for applications is quickly narrowing. If BlackRock files soon, it could become a dominant force across all major crypto ETF categories, building on its strong foothold in Bitcoin and Ethereum markets.
As of now, BlackRock holds over 738,000 BTC, valued at more than $86 billion. This holding was accumulated during a period when Bitcoin prices rose from $45,000 to over $123,000, according to recent filings.
XRP Price Speculation Grows Alongside ETF Rumors
While ETF filings alone do not guarantee approval, many within the XRP community are hopeful. Analysts and influencers like Zach Rector suggest the approval of a BlackRock XRP ETF could significantly boost XRP’s price — with some even forecasting a tenfold increase to $30 by next year. These estimates are based on past performance trends tied to institutional ETF activity.
Still, broader market factors, including macroeconomic conditions and investor sentiment, will likely influence the asset’s trajectory.
Outlook
For now, Geraci’s comments reflect growing confidence that XRP has entered a new regulatory chapter — one that could finally make it eligible for the kind of institutional financial products that have fueled growth for Bitcoin and Ethereum.
If BlackRock moves forward, it could set the stage for one of the most impactful ETF filings in the crypto market’s recent history.
