First XRP and Solana ETF Approval Could Happen on June 25? Read More!
Jakarta, Pintu News – Crypto ETFs have been a hot topic lately, as major asset managers continue to adjust their filings.
Some important deadlines are now approaching. ProShares and Franklin Templeton have both set important dates in June, giving hope that the SEC may finally approve them.
In a new filing dated June 10, ProShares asked the SEC to push back the launch date of their Solana and XRP ETFs to June 25, 2025.
If approved, the SEC needs to make a clear decision on the day, instead of delaying again.
Spot XRP and Solana ETFs Move Closer Together
According to Coinpedia (11/6), the Solana and XRP spot ETFs could possibly be approved as early as June 25, 2025. Franklin Templeton also has a decision regarding the XRP ETF scheduled for June 17, so approval is possible this month.
Read also: Solana ETF Approved by SEC Soon? SOL Surges to $165!
The application for this ETF was first sent on January 17, 2025. Currently, there are no approved spot XRP ETFs, but ProShares and Franklin Templeton could be the first.
The SEC is still cautious about crypto ETFs. They are concerned about keeping investors safe, preventing market fraud, and ensuring the market is robust enough. These concerns have caused delays before.
The updated filings show that these companies are working hard to comply with the rules and gain approval.
Has the “Altcoin ETF Summer” Arrived?
Bloomberg ETF analysts predict the chances of an XRP ETF approval at 85%. Analyst Eric Balchunas, in a recent post on X, hinted at the possibility of an “Altcoin ETF Summer,” with Solana likely to take the lead.
He was referring to a report from analyst James Seyfart that provided an updated forecast for all upcoming spot crypto ETFs. This signals that the ETF market for altcoins could soon heat up.
Furthermore, the chances of an XRP ETF approval on Polymarket’s Prediction platform are currently at 87%.
XRP’s chances of getting ETF approval are now looking stronger than ever. With a key decision coming up in June and odds reaching 87%, this could be a big step for XRP and the crypto market.
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Reference:
- Coinpedia. Ripple News: First XRP ETF Approval Could Happen by June 25. Accessed on June 12, 2025
