• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

SEC Evaluates Potential XRP and Solana ETFs

user avatar

by Giorgi Kostiuk

10 months ago

Grayscale has filed for an XRP ETF, which is currently under review by the SEC. A decision is expected by October 18. Meanwhile, applications for Solana ETFs from several companies have also entered the Federal Register.

XRP ETF Filing Submitted

Grayscale's XRP ETF application has been published in the Federal Register, which is the official journal of the U.S. federal government. This publication is part of the regulatory review process.

SEC Decision Timeline

The U.S. Securities and Exchange Commission (SEC) is expected to approve or deny the proposed product by October 18. However, the agency could announce its decision earlier. Currently, the odds of approving the XRP ETF in 2025 are estimated at 81%.

Solana ETF Applications

Earlier this week, applications for Solana ETFs from companies like Grayscale, VanEck, Canary Capital, and Bitwise also entered the Federal Register. The SEC is set to announce its decisions on these products by October 16.

Earlier this week, applications for Solana ETFs from companies like Grayscale, VanEck, Canary Capital, and Bitwise also entered the Federal Register.

The review of applications for cryptocurrency-based ETFs demonstrates an ongoing interest in integrating digital currencies into traditional finance. The SEC's decisions on these filings could significantly impact the market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Binance Alpha Introduces RTX Token for Early Crypto Investors

chest

Binance Alpha has added the RTX token to its exclusive onchain trading service, providing early access to promising crypto projects.

user avatarMaria Fernandez

Caroline Ellison Transferred to Community Confinement Following 11 Months in Prison.

chest

Caroline Ellison, former CEO of Alameda Research, was moved to community confinement after serving 11 months of her two-year sentence.

user avatarGustavo Mendoza

China's Mining Crackdown Causes Bitcoin Hashrate to Plummet

chest

Bitcoin miners in China's Xinjiang province are shutting down operations due to renewed regulatory pressure from Beijing, leading to a significant drop in hashrate.

user avatarRajesh Kumar

Investors Urged to Consider Hidden Costs in Index Fund Evaluation

chest

Investors are encouraged to consider tracking difference and tracking error as critical metrics for evaluating index fund performance.

user avatarLuis Flores

Investors Advised to Look Beyond Expense Ratios in Index Fund Selection

chest

Investors are advised to focus on deeper metrics beyond expense ratios when selecting index funds, emphasizing factors like replication fidelity, tax efficiency, and operational quality for better long-term investment results.

user avatarArif Mukhtar

DeFi Development in Solana Becomes More Selective

chest

DeFi builders in the Solana ecosystem are focusing on fewer, more established platforms, indicating a shift towards refinement and the importance of reliable pricing and market data.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.