The crypto ETF race is getting interesting, and ETF expert Nate Geraci isn’t holding back. In a post that’s doing rounds, Geraci pointed out the irony that while investment giant Vanguard is now the biggest shareholder of MicroStrategy, a company famous for its massive Bitcoin holdings, it still refuses to offer spot Bitcoin ETFs on its own platform.
“If you don’t see the irony here, I don’t know what to tell you,” Geraci said, hinting it’s high time Vanguard opened its doors to crypto ETFs.
Looking ahead, Geraci said that BlackRock should get more aggressive in the crypto space by filing for spot ETFs on popular tokens like XRP, Solana, and even a broader crypto index. He also feels firms like State Street and Schwab are falling behind and should move quickly to stay in the game.
2) Not too late for State Street (3rd largest ETF issuer) to enter category. Honestly don’t understand strategy here. Do they think they’re somehow protecting gold ETFs?
3) Schwab should file for/launch spot crypto ETFs. Why give advantage to Fidelity, their primary competitor?
— Nate Geraci (@NateGeraci) July 15, 2025
According to a recent Bloomberg report, several crypto tokens are lined up for potential ETF approvals in 2025. The frontrunners? Solana, XRP, Litecoin, Dogecoin, Cardano, Polkadot, Hedera, and Avalanche. But Geraci and other market watchers believe XRP and Solana have the best shot, thanks to strong interest from big financial firms and solid network growth.
While ETF launches often spark price surges beforehand, they can also trigger a “sell the news” dip once they go live. The market has seen it before with Bitcoin and Ethereum ETFs. That said, projects with strong fundamentals and big-name partnerships tend to bounce back and perform well over time.
Right now, XRP seems especially well-positioned. It has low exposure in existing Grayscale trusts, a growing list of financial service partnerships, and several ETF applications already in motion. Solana isn’t far behind, with one of the most active networks in the market and rising institutional backing.
If everything goes as expected, the second half of 2025 could be huge for crypto ETFs — and names like XRP and Solana might lead the charge.
