BlackRock XRP ETF Showtime. You Need to See This

BlackRock manages one of the world’s most extensive ETF lineups. The firm offers products covering equities, fixed income, commodities, and niche asset classes that most investors have never considered.

Yet XRP, one of the biggest assets in the crypto space, remains absent from its catalog. Crypto analyst Digital Asset Investor believes that absence is temporary.

Nate Garacci’s Position

Digital Asset Investor highlighted a post from Nate Geraci, president of The ETF Store. Geraci called it “still wild” that BlackRock is “refusing to launch spot crypto ETFs other than Bitcoin and Ethereum, not even an index-based crypto ETF.” He cited the firm’s ETF success as the reason the current posture carries risk.

He concluded that he is “standing by my prediction that they capitulate at some point and launch additional spot crypto ETFs.”

The Robbie Mitchnick Connection

Digital Asset Investor expanded on Garacci’s post, focusing on Robbie Mitchnick. Mitchnick moved from BlackRock to Ripple. He produced a valuation of XRP in 2018 while still at BlackRock. Digital Asset Investor says that document reveals an understanding of XRP’s technical advantages and positions it favorably against Bitcoin.

Digital Asset Investor’s take on Mitchnick is clear: “This guy knows.” He added that Mitchnick “clearly, inside of that valuation, talks about all the advantages.” This report, co-authored by Susan Athey, puts XRP’s fair-market value at $4,813.