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 ETFs.
BlackRock’s crypto ETFs manage nearly $70 billion
BlackRock currently offers three U.S. spot crypto products through iShares. Its Bitcoin fund, IBIT, held $60.52 billion in net assets as of Aug. 26, according to official fund data.
The non-staking Ethereum fund, ETHA, held approximately $8.26 billion. BlackRock’s newer staking-enabled Ethereum product, ETHB, managed about $832.7 million and reported a 30-day staking reward rate of 1.73%.
Together, the products held roughly $69.6 billion. Their different structures mean they should not be treated as three distinct cryptocurrency exposures: both ETHA and ETHB hold Ether, while ETHB also seeks staking rewards.
BlackRock also launched BITA, a Bitcoin premium-income fund that holds Bitcoin exposure and sells call options. As crypto.news previously reported, BITA uses IBIT and Bitcoin holdings to support an options-based income strategy. It does not expand BlackRock’s underlying spot exposure beyond Bitcoin.
BlackRock has not filed for an altcoin ETF
A review of public SEC records found no BlackRock registration statement for a spot XRP, Solana or other single-altcoin ETF as of Aug. 27. No BlackRock crypto-index ETF filing was located either.
The absence of a filing does not prove BlackRock has rejected those products internally. Asset managers typically keep potential products confidential until registrations, exchange applications or company announcements become public.
Geraci predicted BlackRock would “capitulate at some point” and launch additional spot crypto ETFs.
That statement is a forecast. Geraci did not cite private discussions with BlackRock, regulatory documents or an undisclosed product plan supporting it.
BlackRock’s public digital-assets page currently focuses on Bitcoin and Ether. The company has also expanded into tokenized money-market funds, showing that its blockchain strategy extends beyond crypto ETFs.
Competitors already offer broader crypto exposure
BlackRock’s position contrasts with rival issuers that have moved into XRP, Solana and multi-asset products. Seven U.S. spot XRP ETFs collectively held approximately $1 billion in assets during August.
As crypto.news reported, spot XRP ETFs accumulated about $1.57 billion in cumulative net inflows by Aug. 24. BlackRock was not among their issuers.
Spot Solana products have also established a U.S. market. In related coverage, Solana ETFs crossed $1 billion in combined assets, led by products from Bitwise and Fidelity.
The SEC has also approved broader structures. The approval of T. Rowe Price’s active crypto ETF allowed potential exposure to Bitcoin, Ether, XRP, Solana and other qualifying assets.
Client demand will determine BlackRock’s next move
BlackRock has not announced a deadline or decision process for expanding its lineup. Any new fund would likely require a registration statement, exchange listing documents and SEC review before trading.
The commercial case would depend on client demand, liquidity, custody support, market surveillance and expected fund size. The existence of rival altcoin ETFs demonstrates regulatory feasibility but does not establish that another product would meet BlackRock’s internal thresholds.
For now, Geraci’s prediction remains unconfirmed. A BlackRock SEC filing, Delaware trust registration or official announcement would provide the first verifiable evidence of a strategy change.
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