BlackRock may eventually launch altcoin ETFs: Geraci

ETF Store President Nate Geraci predicted on Aug. 27 that BlackRock will eventually expand its spot crypto ETF lineup beyond Bitcoin and Ether, citing the growth of competing altcoin products and BlackRock’s broad fund business. Summary BlackRock currently offers spot crypto exposure only to Bitcoin and Ether through its iShares products. IBIT held $60.52 billion in net assets on August 26, according to BlackRock’s official data. BlackRock’s ETHA and staking-enabled ETHB held approximately $8.26 billion and $833 million, respectively, on Wednesday. Nate Geraci predicted BlackRock will eventually offer additional spot crypto ETFs, but provided no evidence. SEC searches found no publicly filed BlackRock spot ETF applications covering XRP, Solana, or indexes. Geraci said it was “wild” that BlackRock had not launched a spot product for another cryptocurrency or a multi-asset crypto index. He interpreted that absence as an implicit judgment that other digital assets lack sufficient investment value. That interpretation is Geraci’s opinion. BlackRock has not publicly said other cryptocurrencies lack value, nor has it announced plans to launch or permanently reject additional spot crypto ...