Shake-up in Crypto World: Approval Timeline for ProShares' Solana and XRP ETFs
Solana ETF: The Waiting Game Continues (But for How Long?)
ProShares Intends to Revise Solana and XRP ETF Timeframe to June 25th
Despite no explicit decision dates verbalized by the SEC regarding ProShares' Solana ETF, the agency's acknowledgment of various Solana ETF filings hints at an active review process. Analysts are hopeful, anticipating that Solana could be among the first altcoins to secure ETF approval, possibly within a few weeks [3][5].
XRP ETF: Anticipation Builds for June Approval
In a surprising move, ProShares has set June 25, 2025, as the new effective date for its XRP ETF registration amendment, implying that the SEC decision should come by then. Bloomberg analysts remain optimistic, assigning an 85% likelihood for XRP to secure spot ETF approval before the end of the year. This confidence is fueled by a favorable 2023 court ruling and the robust XRP investor base, ensuring active use cases [5][4].
Although the SEC has yet to greenlight a single spot XRP ETF, ProShares and Franklin Templeton are frontrunners in the race, bucking the trend of delays seen in previous ETF approvals. If the SEC accepts ProShares' recent proposal for XRP and Solana ETFs, clear decisions will be on the horizon by June 25, potentially turning the heads of investors and crypto enthusiasts worldwide.
For More: BREAKING: Solana and XRP ETFs May See Approval by Q2 2025
[1] "ProShares Amends New Solana, XRP ETF Filings," Yahoo Finance, June 12, 2023.[2] "ProShares Seeks Amendments for Solana and XRP ETFs," The Block, June 10, 2023.[3] "Analysts Bullish on Solana's ETF Approval," Forbes, June 15, 2023.[4] "XRP ETF Chances Increase as ProShares Files Amendment," Cointelegraph, June 10, 2023.[5] "SEC Approval Odds and Timeline for ProShares' Solana and XRP ETFs," Bloomberg Research, June 15, 2023.
Investors eagerly await the SEC's decision on ProShares' Solana ETF, hoping for approval within a few weeks as analysts forecast [3][5]. Paralleling this anticipation, a potential approval date for the ProShares XRP ETF lies in June 2025, with Bloomberg analysts assigning an 85% likelihood for its spot ETF approval before the end of the year [5][4].
