XRP and Solana Spot ETFs Under SEC Review – Coincu

The U.S. SEC has initiated a public comment period for XRP and Solana ETFs by Franklin Templeton, with reviews until July 2025 on the Cboe BZX exchange.

This development could set a precedent for future altcoin ETFs, influencing market dynamics and institutional interest.

SEC’s ETF Review Could Influence Altcoin Market Dynamics

Franklin Templeton, an asset management leader, has submitted XRP and Solana ETF proposals now under SEC review. Public commentary has been solicited, with the latest decision deadline in July 2025, though extensions may occur. Franklin Templeton’s move signifies growing institutional interest in crypto-backed funds, potentially broadening regulated market offerings. As noted by the asset management firm, “Their move to file for these ETFs signals institutional interest in expanding crypto-backed investment products.”

Approval of these ETFs would likely attract institutional capital, similar to prior Bitcoin ETFs. Immediate implications include increased market speculation and activity, specifically regarding XRP and Solana assets, due to elevated approval expectations. Institutional investors are positioned to move significantly upon any positive SEC decision.

Market reactions indicate heightened speculative interest. On-chain data shows increased XRP network activity, signaling preparative positioning ahead of potential ETF approval. The community remains optimistic but recognizes the gradual nature of SEC processes. The agency’s solicitation for public comments reflects this cautious yet crucial review phase, encouraging stakeholder engagement.

Solana’s Price Trends Amidst Anticipated SEC Decisions

Did you know? The approval of Bitcoin ETFs in the past has significantly influenced market dynamics and institutional adoption of cryptocurrencies.

Currently, Solana (SOL) is priced at $148.09, seeing a market cap of $78.17 billion, with data attributed to CoinMarketCap. Its trading volume has decreased by 19.04% in the past 24 hours. Price trends indicate a 6.22% increase in 60 days and a 10.18% rise over 90 days, showing fluctuating market confidence.

The Coincu research team highlights the potential for substantial financial market shifts pending ETF approval, bolstered by historical Bitcoin ETF precedents. Increased regulatory acceptance could boost industry legitimacy, driving technological advancements and market participations, yet tempered by ongoing regulatory uncertainties and timing dependencies.