SEC Evaluates Potential XRP and Solana ETFs

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 Cache Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

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

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Dormant Bitcoin Wallets Come to Life

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

Satoshi Nakamura9 hours ago

SEC Proposes New Rules for Crypto Custody Regulations

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

Jesper Sørensen10 hours ago

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

US Congress passed a law blocking the Federal Reserve from issuing a digital currency until 2030.

Rajesh Kumar14 hours ago

ECB Executive Addresses Privacy Concerns of Digital Euro

Piero Cipollone from the European Central Bank addresses privacy concerns regarding the digital euro, emphasizing user privacy and transaction confidentiality.

Lucas Weissmann15 hours ago

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.