XRP News Today: Regulators Race to Decide: 92 Altcoin ETFs Await Fate

The U.S. Securities and Exchange Commission (SEC) is currently reviewing an unprecedented 92 applications for crypto exchange-traded funds (ETFs), according to Bloomberg Intelligence analyst James Seyffart. This number has grown significantly from 72 applications in April 2025, with 20 new proposals added in the intervening months, including filings for altcoins like Litecoin, Avalanche, and Dogecoin. Among these, XRP and Solana (SOL) lead the pack, with seven and eight ETF applications each, respectively. This surge in filings signals a growing institutional appetite for diversified exposure to alternative digital assets beyond Bitcoin and Ethereum.

The potential approval of XRP ETFs has triggered optimism in the market, with prediction platforms like Polymarket assigning an 87% probability of approval by the end of 2025. Nate Geraci, President of the ETF Store, has expressed confidence in these figures, stating that the odds could be closer to 100%. The increased interest is underscored by a recent wave of updated S-1 filings from XRP ETF applicants, which both Geraci and Bloomberg Intelligence analyst James Seyffart described as a positive development. These updates indicate active engagement with the SEC and are seen as a step forward in the regulatory approval process.

Canary Capital and other asset managers have projected substantial inflows if XRP ETFs are approved. Steve McClurg, CEO of Canary Capital, estimated that up to $5 billion could flow into XRP ETFs within the first month of trading. These projections are supported by the existing performance of leveraged XRP ETFs, such as the one launched by Teucrium in April, which has attracted $353 million in net assets—nearly surpassing the total of the company’s traditional agro-based ETFs. While some analysts remain skeptical, citing concerns over institutional interest, others argue that XRP’s utility in cross-border financial services could attract significant institutional capital.

The regulatory environment for altcoin ETFs is also evolving, with the SEC recently approving in-kind creation and redemption mechanisms for crypto ETFs, a move expected to streamline efficiency and reduce costs. Additionally, the SEC launched “Project Crypto” in July 2025 to modernize securities laws for on-chain innovation, further signaling a shift toward accommodating crypto-based investment vehicles. These developments, combined with the pending adoption of generic listing standards, are anticipated to accelerate the approval process for altcoin ETFs.

Market analysts, including Bloomberg’s Eric Balchunas, have highlighted the rapid growth of crypto ETF filings, noting that the pace is so swift it could soon outstrip traditional stock ETFs. This trend reflects a broader shift in investor preferences, with altcoins like Solana and XRP gaining traction as institutional investors seek to diversify their portfolios. The momentum is particularly strong for Solana, with eight ETF applications currently pending and a high probability of approval. Nate Geraci pointed to a recent cluster of Solana ETF filings, describing them as a sign of active regulatory engagement and progress toward approval.

The potential approval of Solana and XRP ETFs is expected to drive liquidity and market adoption, similar to the effect seen with Bitcoin and Ethereum ETFs. In May 2024, the launch of Ethereum ETFs drew $9.4 billion in institutional inflows, with ETHA (BlackRock’s Ethereum ETF) alone attracting $266 million in a single day. If Solana and XRP ETFs follow a similar trajectory, they could significantly enhance the mainstream acceptance of altcoins and open new avenues for institutional investment. This could further legitimize these digital assets and contribute to their price appreciation, particularly if market conditions align with broader crypto bull cycles.

The regulatory scrutiny and market dynamics surrounding altcoin ETFs remain fluid, with the SEC maintaining a cautious approach. However, the growing number of applications and the industry’s proactive engagement with regulatory frameworks suggest that the approval of these funds is increasingly likely. As October 2025 deadlines loom for several applications, the focus remains on how swiftly the SEC can finalize its decision and bring these products to market. The outcome could shape the next phase of crypto market maturity and determine which altcoins will lead the next wave of adoption.

Source:

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