XRP and Solana are currently leading the race for the potential launch of altcoin exchange-traded funds (ETFs) in the US. After the approval of Bitcoin and Ethereum spot ETFs by the US SEC, attention has now shifted to these two high-demand altcoins. Investors are optimistic that 2025 could mark a new era for crypto ETFs, especially with the recent change in leadership at the US SEC fueling market optimism.
XRP and Solana have been at the center of the ETF spotlight following the approval of Bitcoin and Ethereum spot ETFs in early 2024 by the US SEC. This approval has led to increased demand for similar products based on other top altcoins such as XRP and Solana. Discussions around the potential launch of XRP and Solana ETFs have been trending in the crypto community.
The XRP ETF launch is gaining traction, with 72 crypto-related ETF applications currently awaiting review. XRP stands out as a front-runner due to its high liquidity on US exchanges, which increases the likelihood of regulatory approval. Major players like Grayscale, WisdomTree, and Bitwise have submitted proposals for XRP-backed ETFs, further solidifying its position in the US altcoin ETF race.
Experts believe that an ETF approval for XRP could potentially trigger a surge in its price. The approval is seen as a catalyst that could drive both retail and institutional demand significantly for XRP. The potential launch of an XRP ETF has been termed a “perfect storm” for the digital asset, further adding to the excitement surrounding its prospects in the market.
On the other hand, Solana ETF launch speculations are also gaining momentum, with 11 ETF filings tied to SOL, including one from mutual fund giant Fidelity. The strong institutional interest in the Solana network, coupled with its growing DeFi and NFT ecosystem, positions Solana ETF as a serious contender in the race. The success of multiple spot ETFs for Solana in Canada adds pressure on US regulators to expedite the approval process.
The recent appointment of Paul Atkins as the new US SEC chair has further fueled optimism in the market. Atkins, known for his pro-crypto stance, is expected to accelerate the ETF approval process for digital assets. Market participants believe that Atkins may push for friendlier crypto regulations and fast-track key filings, including XRP and Solana ETFs. While there is speculation that the Ripple vs SEC lawsuit may be resolved soon under his term, some remain skeptical about the outcomes.
