SEC Evaluates Potential XRP and Solana ETFs

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Google Cloud's New Service Enhances Key Management Security

Google Cloud's new Multiparty Compute service aims to mitigate risks related to key management in digital asset custody by splitting signing authority among independent participants.

user avatarKofi Adjeman

Google Cloud Launches New Service for Digital Asset Custody

Google Cloud has launched a new Multiparty Compute service to enhance institutional digital asset custody, addressing custody risks and potentially lowering barriers for firms in the digital asset market.

user avatarNguyen Van Long

ACI Worldwide and Circle Launch USDC Settlement Pilot in Colombia

ACI Worldwide and Circle announced a collaboration to demonstrate USDC settlement integration into existing bank payment systems.

user avatarSatoshi Nakamura

Binance Wallets Drained in Major Security Breach

Wallets linked to Binance were drained of at least $55 billion, raising concerns about the security of decentralized exchanges.

user avatarJesper Sørensen

Decentralized Exchanges Facilitate Fund Swaps in Binance Hack

Decentralized exchanges like Uniswap and Aave are being used to swap frozen stablecoins for Ethereum following the Binance wallet draining incident, complicating recovery efforts.

user avatarRajesh Kumar

Bron Joins Hashgraph Association's Global Membership Program

Selfcustody platform Bron has joined the Hashgraph Association's Global Membership Program to enhance its connection with the Hedera ecosystem.

user avatarLucas Weissmann

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.