XRP ETF Decisions Loom as SEC Delays Continue

The XRP ETF is now in the spotlight as regulatory delays continue to impact the timing of cryptocurrency exchange-traded fund (ETF) approvals. The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on several proposed cryptocurrency ETFs, leaving the market watching closely for what comes next, particularly for XRP.

Recently, the SEC delayed ruling on a spot Solana-based ETF, pushing the decision deadline for the proposed Grayscale Solana Trust ETF listing on the New York Stock Exchange to October 2025. This filing, dated May 13, reflects the commission’s cautious approach to the rapidly evolving digital asset market.

This postponement follows a similar delay concerning a proposed Litecoin-based ETF by Canary Capital, as reported earlier this month. The pattern of ETF delays has fueled concern and speculation across the crypto industry, especially with June deadlines approaching for various other crypto ETFs, including those based on XRP and Polkadot.

Spot ETFs are considered essential channels for institutional adoption and liquidity growth in the cryptocurrency sector. For example, the launch of spot Bitcoin ETFs in the United States contributed to a significant surge in Bitcoin’s capital inflows. Reports estimated that these ETFs were responsible for about 75% of new investment in early 2024, contributing to Bitcoin’s rally past the $50,000 mark in February after trading began.

Though a potential Solana ETF is expected to generate a smaller influx of funds compared to Bitcoin, it may still serve as a gateway to institutional backing by offering a regulated and secure investment vehicle. Experts suggest it could attract significant capital over time. The broader crypto market sees growing interest in bringing such offerings to mainstream financial platforms, a trend that XRP could capitalize on—provided regulatory approval comes through.

Despite the delays, sentiment remains largely optimistic. A majority of crypto investors still believe that a Solana ETF approval could arrive by the close of 2025. According to betting odds from Polymarket, there is an 82% likelihood that a Solana ETF will gain approval within that timeframe. Similarly, the platform shows an 80% probability for a Litecoin ETF approval by then.

June Decisions: XRP, Polkadot, and Dogecoin ETFs

June presents important deadlines for several major cryptocurrency ETF applications. The SEC is expected to issue decisions on two Polkadot ETF applications—Grayscale’s by June 11 and 21Shares’ by June 24. Additionally, June 17 is marked as the decision date for a proposed spot XRP ETF from Franklin Templeton and a spot Dogecoin ETF from Bitwise.

Industry observers caution that further delays remain possible, with the SEC frequently using its full authority to extend review periods. This historical tendency was evident during the evaluations of Bitcoin and Ether ETF applications in previous years, where the SEC utilized up to 240 days to reach final decisions.

XRP stands out among the upcoming ETF proposals, partly due to its continued presence in both retail and institutional interest circles. Approval of an XRP ETF could unlock substantial investment, improving market structure and increasing confidence among larger financial players seeking exposure to cryptocurrencies through traditional markets.

As the SEC navigates the complexities of digital asset regulation, the XRP community and broader crypto markets are bracing for what could be landmark decisions in June. The outcome of these rulings may not only impact XRP but also shape the trajectory for how alternative cryptocurrencies are integrated into mainstream finance via ETF products.

With sentiment cautiously optimistic and deadlines nearing, June could prove to be a pivotal period in the evolution of XRP’s role in institutional investing and regulatory acceptance.

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