According to Shenchao Techflow, on August 8, ETF expert Nate Geraci, the former president of The ETF Store and current president of Novadius Wealth Management, posted an article on the X platform stating that it is expected that after the Ripple appeal case is resolved, BlackRock will submit an XRP ETF application to the US Securities and Exchange Commission to promote diversification of the cryptocurrency ETF portfolio.

However, Nate Geraci specifically clarified that he is willing to take responsibility if his predictions are wrong, but he admits that ignoring crypto assets other than Bitcoin and Ethereum is meaningless; otherwise, it's like telling the market that only BTC and ETH are valuable.

According to previous news, both parties in the US SEC and Ripple lawsuits dropped their appeal, and the relevant ruling remains unchanged.