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

US Treasury Department Moves to Cut MEXC Global from Financial System

The US Treasury Department has taken action against MEXC Global, a cryptocurrency exchange, to sever its ties with the American financial system due to accusations of facilitating over $16 billion in illicit transactions linked to Iran, North Korea, and Russia.

user avatarLucas Weissmann

Political Fallout from Ueno Bank Crisis in Paraguay

The Ueno Bank crisis has triggered significant political repercussions in Paraguay, including the resignation of President Santiago Peña and potential impeachment proceedings.

user avatarFilippo Romano

Greece Enhances Crypto Tax Transparency Measures

Greece will implement new reporting and documentation requirements for cryptocurrency purchases starting in 2027 to ensure funds come from declared income or lawful sources.

user avatarTomas Novak

Greece Introduces 10% Tax on Crypto Investment Profits

Greece introduces a 10% tax on individual crypto investment gains starting January 1, 2027.

user avatarEmily Carter

Gnosis Pay Implements Enhanced Security Measures Following Breach

Gnosis Pay has implemented enhanced security measures, including 3D Secure for online payments and increased fraud monitoring, following a data breach.

user avatarMaya Lundqvist

Gnosis Pay Reports Data Breach Affecting Customer Information

Gnosis Pay reported a data breach where hackers accessed customer information through its card system, prompting immediate containment measures.

user avatarKaterina Papadopoulou

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.