Analyst Signals Possible XRP ETF Entry From BlackRock and Fidelity Amid Regulatory Clearance

• Nate Geraci predicts BlackRock and Fidelity may file XRP ETFs now that Ripple’s legal dispute has been resolved.
• Ripple reduced its SEC penalty from $2 billion to $50 million, clearing a major hurdle for XRP-linked products.

Nate Geraci, ETF strategist and industry commentator, has projected that BlackRock and Fidelity may move toward filing for an XRP exchange-traded product following recent legal clarity surrounding Ripple. While neither institution has confirmed such intentions, the conditions may now align with institutional entry strategies in the altcoin ETF segment.

Ripple lawsuit coming to end…

Seems obvious spot XRP ETF approval simply matter of time IMO.

And yes, I expect BlackRock, Fidelity, etc to all be involved.

XRP currently 3rd largest non-stablecoin crypto asset by market cap.

Largest ETF issuers aren’t going to ignore this.

— Nate Geraci (@NateGeraci) March 26, 2025

The basis for Geraci’s outlook lies in the resolution of the legal action between Ripple Labs and the U.S. Securities and Exchange Commission. Ripple’s legal team, led by Stuart Alderoty, disclosed that the firm settled the dispute by reducing a proposed $2 billion penalty to $50 million, removing a regulatory overhang that had clouded XRP-linked products for years.

With that process nearing its conclusion, ETF issuers now face fewer compliance barriers when evaluating XRP-based filings. Franklin Templeton , which manages over $1.5 trillion, has already entered the race, becoming the first asset manager of its scale to show direct interest. Geraci maintains that other top-tier managers may follow, not necessarily driven by conviction in XRP fundamentals, but due to its market cap strength and trading volume consistency.

Currently, XRP ranks as the third-largest non-stablecoin asset, trailing only Bitcoin and Ethereum. Data from CoinGecko shows a live market capitalization of approximately $144 billion, placing it above the public valuations of several Fortune 500 firms, including Citigroup and Boeing.

Although BlackRock has previously dismissed short-term plans for altcoin-based ETFs, Geraci argues that competitive pressure from rival issuers could prompt a reassessment. In fast-moving capital markets, hesitation often results in lost inflows—especially in first-mover ETF segments.