SEC Evaluates Potential XRP and Solana ETFs

by Giorgi Kostiuk

a year 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.

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