XRP & Solana ETFs Near U.S. Launch as Final Amendments Submitted

Sean Williams
XRP

Coin cryptocurrency ripple on night city background and chart. XRP

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  • Final amendments for XRP and Solana ETFs could be submitted by week’s end.
  • SEC decisions on these ETFs are expected in early to mid-October.
  • Issuers like Grayscale and Bitwise are aligning filings with new SEC listing standards.

The U.S. cryptocurrency market could see a major boost as issuers edge closer to launching XRP and Solana ETFs. According to Nate Geraci, President of NovaDius Wealth Management, final amendments for these ETF applications may be submitted by the end of this week, signaling a potential approval window in early October.

XRP ETF Applications Move Forward

Since the SEC greenlit Bitcoin and Ethereum spot ETFs last year, interest in similar products for other cryptocurrencies has surged. Major issuers, including Grayscale, Bitwise, Franklin, and Canary, have been actively revising their XRP ETF filings.

Bitwise President Teddy Fusaro noted that the applications are “well advanced” in the review process. Amendments since July have aimed to align with the SEC’s new listing standards, enhancing flexibility by allowing ETF creation and redemption in XRP, cash, or in-kind. Crypto experts, including Geraci, have said these adjustments respond directly to SEC feedback.

Solana ETFs on the Horizon

Spot Solana ETFs are following a similar path. Several issuers amended their filings last month, positioning the products for a possible U.S. launch soon. Sources indicate that the final round of adjustments could occur this week, bringing the market closer to what many see as an imminent rollout.

The SEC’s deadlines suggest that decisions on Solana ETFs, including Grayscale’s proposed Solana Trust conversion, are due by October 10. Other Solana and XRP ETF filings are expected to be decided later in the month, potentially with simultaneous rulings similar to the agency’s approach with Bitcoin and Ethereum ETFs.

Also Read: XRP Supply Shock Looms as Axelar and Flare Target 8B Tokens for Staking

Countdown to ETF Launch

Investors and crypto enthusiasts are watching closely, as these approvals could open a new chapter for mainstream adoption of XRP and Solana. If the SEC approves the filings on schedule, these ETFs may become available as early as next month, offering traders additional exposure to two of the most discussed cryptocurrencies beyond Bitcoin and Ethereum.

The final amendments this week mark a pivotal moment, suggesting that after years of speculation, XRP and Solana ETFs could finally reach U.S. markets.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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