XRP News Today: SEC Reviews 72 ETF Filings Led by XRP, Solana, Amid Market Interest

72 ETF filings are currently awaiting review by the SEC, indicating a growing interest from investors in the cryptocurrency market. Among these filings, XRP and Solana are the most prominent, with XRP leading the pack with 18 applications and Solana following closely with 17. Together, these two cryptocurrencies account for nearly half of the total ETF filings.

XRP's dominance in the ETF filings can be attributed to its recent legal victory against the SEC, which has boosted confidence among ETF issuers. On the other hand, Solana's appeal lies in its high-speed blockchain, which can process thousands of transactions per second, outperforming Bitcoin and Ethereum, which have traditionally dominated past ETF waves.

In addition to XRP and Solana, the filings also include meme coins such as DOGE, PENGU, TRUMP, MELANIA, and BONK. Some of these filings even propose 2X leveraged funds, which could double the potential reward and risk. Leveraged ETFs amplify returns but also magnify losses, and meme coins, which are already volatile, could exacerbate this instability.

The SEC's new chair, Paul Atkins, who took office in January 2025, has a personal stake in the cryptocurrency market, with $6 million in crypto-related investments. This has raised questions about how his personal interests might influence his decisions regarding the 72 ETF filings. While the SEC's mandate is to protect investors, Atkins' portfolio adds a layer of complexity to the situation.

If approved, these ETF filings could potentially draw billions of dollars in institutional investment. For instance, BlackRock's Bitcoin ETF, which was launched in 2024, attracted $10 billion in its first six months. XRP and Solana ETFs could see similar inflows, but the approval of meme coin ETFs poses a dilemma. Their approval could legitimize speculative assets and attract retail investors, but critics warn of potential market chaos, especially with leveraged funds.

The SEC's track record on cryptocurrency ETFs offers some insight into how these filings might be handled. Bitcoin and Ethereum ETFs were approved in 2024 after years of rejections, suggesting a shift in regulatory stance. However, meme coins may test the limits of this newfound openness. The approval of these ETFs could reshape the future of the cryptocurrency market, drawing in significant institutional investment and potentially legitimizing speculative assets.