BlackRock May Eventually Launch Altcoin ETFs, Says ETF Store President

ETF Store President Nate Geraci predicted on Aug. 27 that BlackRock could broaden its spot crypto ETF lineup beyond Bitcoin and Ether, citing the growth of competing altcoin products and the firm’s extensive fund business.

Current Spot Crypto Offerings

BlackRock currently provides three U.S. spot crypto products through iShares:

• IBIT – a Bitcoin fund with $60.52 billion in net assets as of Aug. 26.
• ETHA – a non‑staking Ethereum fund holding approximately $8.26 billion.
• ETHB – a staking‑enabled Ethereum fund managing about $832.7 million and reporting a 30‑day staking reward rate of 1.73%.

Together, these funds account for roughly $69.6 billion in assets.

Absence of Altcoin Filings

SEC public records show no BlackRock registration statements for spot ETFs covering XRP, Solana, other single‑altcoin products, or a multi‑asset crypto index as of Aug. 27. The lack of filings does not confirm an internal decision to reject such products.

Industry Context

Competitors have introduced broader crypto exposure:

• Seven U.S. spot XRP ETFs collectively held about $1 billion in August.
• Spot Solana ETFs surpassed $1 billion in combined assets, led by issuers such as Bitwise and Fidelity.
• T. Rowe Price received approval for an active crypto ETF that could include Bitcoin, Ether, XRP, Solana, and other assets.

Geraci’s Forecast

Geraci described it as “wild” that BlackRock has not yet launched a spot product for another cryptocurrency or a multi‑asset crypto index, interpreting the absence as an implicit judgment on the investment value of other digital assets. He forecast that BlackRock will eventually “capitulate” and introduce additional spot crypto ETFs, though he provided no private source or regulatory evidence to support the claim.

Potential Path Forward

Any new fund would require a registration statement, exchange listing documents, and SEC review. Factors such as client demand, liquidity, custody solutions, market surveillance, and expected fund size would influence BlackRock’s decision.

For now, Geraci’s prediction remains unverified pending an official filing or announcement from BlackRock.