Bitcoin ETF Liquidity Grows, XRP and Solana ETF Face Delays

• Bitcoin ETF options may enhance liquidity and attract institutional investors, driving further growth in the crypto market.
• XRP ETF approvals could be influenced by the 2024 U.S. election, especially if a pro-crypto administration takes office.
• Solana ETF filings face uncertainty, with the SEC’s stance unclear, while Ethereum ETFs await key regulatory decisions.

Bitcoin ETFs are attracting significant investor interest, with inflows exceeding $800 million in just two days, while the future of XRP and Solana ETFs hangs in the balance.

On a recent episode of the Thinking Crypto Podcast, Nate Geraci, president of the ETF Store, discussed the potential of Bitcoin ETF options, the regulatory hurdles facing XRP ETFs, and the uncertain outlook for Solana ETFs. Geraci highlighted the impact of upcoming Bitcoin ETF options and the potential influence of the U.S. presidential election on the approval of XRP ETFs. He also addressed the stalled filings for Solana ETFs and the broader outlook for the crypto ETF market.

Bitcoin ETF Options Poised to Enhance Market Liquidity

Specifically, Bitcoin ETF options are gaining traction, with the possibility of their introduction in the U.S. by early 2025. These options have already attracted substantial capital, with Bitcoin ETFs receiving $809.5 million in net inflows over just two days. Fidelity’s FBTC ETF, leading the charge, reported $117.1 million in inflows, while Ark Invest’s ARKB ETF added $97.6 million.

Besides, Geraci pointed out that the launch of Bitcoin ETF options would likely boost liquidity and attract more institutional investors to the crypto market. The added liquidity would then make these financial products more appealing, paving the way for further growth in the market.

XRP ETF Approval: A Potential Shift with the U.S. Election

XRP ETFs have also seen multiple filings, but their approval hinges on the regulatory environment. Geraci suggested that the upcoming U.S. presidential election could significantly affect the odds of approval. Donald Trump’s potential win, coupled with his pro-crypto stance, may increase the chances of a favorable ruling by the SEC on XRP ETFs.

Moreover, while the approval of XRP ETFs isn’t guaranteed, Geraci noted that the current administration’s crypto-hostile stance could shift if Trump is elected. This shift may pave the way for more XRP and other cryptocurrency ETFs, including Solana ETFs, to enter the market.

Read also: XRP, Solana ETFs: US Elections Fuel Speculative ‘Trump Call’

Solana ETFs face an uncertain future, as filings for these products seem to have stalled. The filings were removed from the BZX Pending Rule Changes, but it remains unclear whether the SEC rejected them or if asset managers retracted them. The SEC’s lack of acknowledgment of these filings raises concerns about the regulator’s stance on Solana ETFs.

Outlook for Ethereum ETFs and the Broader Crypto ETF Market

Ethereum ETFs are also in the spotlight, with the SEC delaying its decision on allowing options tied to spot Ether exchange-traded funds. A decision is expected in the coming months, adding to the growing interest in Ethereum ETFs.

The broader outlook for crypto ETFs, including Bitcoin and Ethereum, remains optimistic. Analysts predict that these financial instruments could see greater adoption and increased success in the coming quarters.

Bitcoin is currently priced at $67,283.60, a surge of over 3% in the last 24 hours. XRP is trading at $0.5424, reflecting a dip of just 0.13% in 24 hours. Solana is up 0.24% trading at $154.10, and Ethereum is up 1.10% now trading at $2,622.70.