With the long-standing Ripple-SEC legal battle approaching its final chapter, ETFStore President Nate Geraci believes top asset managers like BlackRock and Fidelity will soon file for XRP exchange-traded funds (ETFs). As regulatory uncertainty fades, industry experts anticipate a wave of institutional interest in the third-largest non-stablecoin cryptocurrency.
Ripple and SEC Drop Appeals: Lawsuit Nears Conclusion
This week, Ripple took a decisive step toward ending its multi-year legal dispute with the U.S. Securities and Exchange Commission (SEC) by dropping its cross-appeal. This came just days after the SEC itself moved to dismiss its appeal, a development confirmed by Ripple CEO Brad Garlinghouse.
While these decisions mark significant progress, the lawsuit still requires final approvals from SEC commissioners and court confirmation to reach a full resolution. However, the latest actions strongly suggest that regulatory clarity around XRP is imminent.
Institutional Interest on the Rise: BlackRock and Fidelity Poised to Act
Until now, firms like BlackRock and Fidelity have held off on filing for XRP ETFs, likely due to the ongoing legal uncertainties. Meanwhile, other institutions, including Franklin Templeton and WisdomTree, have already submitted ETF filings involving XRP or expressed interest.
Nate Geraci expects this to change. Once the lawsuit officially concludes, BlackRock and Fidelity—two of the largest asset managers in the world—will likely enter the XRP ETF space. Both companies have launched successful Bitcoin and Ethereum ETFs, making XRP a logical next step.
Despite XRP’s status as the third-largest non-stablecoin crypto, it remains absent from their ETF portfolios. Geraci emphasized that this omission will likely end once the SEC clears.
Related article: Ripple vs SEC Nears Endgame—XRP Could See 12% Rebound on Sales Restart
SEC Approval Expected, XRP ETF Filings Already Underway
Geraci also expressed confidence that the SEC will eventually approve XRP ETFs, asserting that it is no longer a question of “if,” but “when.” Ripple CEO Brad Garlinghouse recently echoed this sentiment, maintaining optimism about XRP ETFs becoming a reality.
Several institutions, including 21Shares and Grayscale, have filed for XRP ETFs in the U.S., and exchanges have submitted related filings that the SEC has acknowledged.
Additionally, prominent blockchain analyst Vincent Van Code predicted that the SEC could greenlight multiple XRP ETFs by May 22, 2025. While this forecast remains speculative, it reflects growing market confidence.
Investors Await SEC’s Final Decision
All eyes are now on the SEC, which is expected to vote today during a closed-door meeting regarding its decision to drop the Ripple appeal. The vote would mark a turning point if approved, effectively closing the chapter on a regulatory saga that has clouded XRP’s future for years.
In the meantime, investors, institutions, and analysts alike are preparing for what could be a significant shift in the crypto ETF landscape—one where XRP finally earns its place alongside Bitcoin and Ethereum.
