Spotlight on Solana and XRP ETF Approvals: Analysts Tap High Potential
Expectations for crypto exchange-traded funds (ETFs),especially those linked to Solana (SOL) and XRP,are soaring. Analysts believe the market undervalues investor interest in these assets.
ETF expert Nate Geraci thinks people underestimate the demand for spot XRP and SOL ETFs. He draws parallels to early doubts about Bitcoin (BTC) and Ethereum (ETH) ETFs—now highly sought-after since launching last year.
Various issuers are re-filing their Solana ETF documents with the Securities and Exchange Commission (SEC). This step frequently enough indicates healthy conversations between the SEC and potential founders. Companies like Grayscale, Canary/Marinade, Franklin Templeton, and VanEck have already taken action.
Analysts like James Seyffart suggest that frequent updates point to positive communication between filers and regulators. Seyffart predicts a green light for both XRP and SOL ETFs, pegging approval chances at 95%—ahead of other pending applications.
Timeline-wise, decisions on SolanaBased ETFs could land around mid-October. For XRP ETFs, an announcement might arrive by late October. Despite current optimism, final SEC verdicts remain open-ended. Success for these ETFs depends largely on their eventual approval.
Interest extends beyond Solana and XRP. Other altcoins like Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), and Hedera (HBAR) have also sparked ETF proposal filings.
