Digital assets are becoming an emerging safe haven amid concerns over the impact of U.S. tariffs, Head of Research James Butterfill said.
XRP remains one of the most popular coins in the market, with a cult-like community that has supported it for years. With the bullish sentiment surrounding it, the altcoin has performed quite well and continues to inspire support. The most recent developments for XRP have been the ETF filings that suggest it might be the next altcoin to get an SEC nod after Ethereum. The number of filings also puts it well ahead of investor favorites such as Solana and Dogecoin in the running for the next ETF approval. XRP ETF Filings Climb To 10 XRP ETF filings have been coming out of the market over the past year, especially with the approvals of Ethereum Spot ETFs. These ETFs are expected to give institutional investors an official vehicle to get proper exposure to the market. As Bitcoin and Ethereum ETFs have been done and dusted, issuers have looked to other large cap altcoins to bring into the market. Related Reading: Analyst Who Called Dogecoin Price Rally In 2024 Predicts 300% Rally In April The next favorites on the list have been XRP, in addition to heavy hitters such as Solana, Dogecoin, and Litecoin. However, in the race, XRP has clearly differentiated itself in terms of interest, boasting twice as many filings as any other altcoin. According to data from Kaito Research, there are currently 10 XRP ETF filings pending approval or rejection from the SEC. In contrast, there are five Solana ETF filings, 3 Litecoin filing, and 3 Dogecoin filings. This shows clearly that interest in XRP as the next altcoin to gain ETF approval is the highest. Additionally, the SEC has acknowledged the XRP ETF filings from industry leaders such as Grayscale. There are also filings from ProShares, Franklin Templeton, Bitwise, 21Shares, among others. However, BlackRock has not made a move to file for an XRP ETF despite leading the Bitcoin and Ethereum ETF campaigns. Nevertheless, the filings for XRP ETFs remain a big deal for the altcoinm and their approval could trigger another wave of price hikes. ETFs And The SEC Battle Conclusion For many, the major hindrance to an SEC approval of an XRP ETF was the ongoing battle between the crypto firm and the regulator, which began in 2020. However, in March 2025, Ripple CEO Brad Garlinghouse announced that the case was officially over. Related Reading: Is The XRP Price Mirroring Bitcoin’s Macro Action? Analyst Maps Out How It Could Get To $71 With this development, expectations that the regulator will look favorably upon an XRP ETF are high. If the ETFs are approved, even with a fraction of the Bitcoin ETF volumes, the XRP price is expected to explode in response, with some analysts predicting that the altcoin’s price could rise to the double-digits. Featured image from Dall.E, chart from TradingView.com
May 22 is the next important date to watch as the SEC must respond to Grayscale's spot XRP ETF filing by then.
Bloomberg Senior ETF Analyst Eric Balchunas shared that four asset managers are set to launch spot Solana ETFs in Canada on Wednesday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Fidelity has entered the ring for a Solana fund after Cboe BZX Exchange Inc. filed an essential form on behalf of the firm.
Fidelity declined to give additional details on the trust, which may signal that an application for a Solana ETF is incoming.
Florida-based Volatility Shares LLC is launching two exchange-traded funds (ETFs) tied to Solana futures. According to a filing with the US Securities and Exchange Commission (SEC), these products will begin trading today—marking the first time traditional finance (TradFi) investors gain specialized ETF access to all of the five largest cryptocurrencies by market capitalization. The CME Group, the world’s largest futures exchange, introduced Solana futures on Monday. Building on that, Volatility Shares’ Solana ETF will replicate the performance of these Solana futures starting tomorrow. Meanwhile, the Volatility Shares 2X Solana ETF (ticker: SOLT) will offer double leveraged exposure for those looking for amplified returns in the still-nascent Solana futures market. “First-ever Solana ETFs in the US are launching in tomorrow from VolShares. Will track futures. One is 2x. Solana equiv of BITO and BITX,” commented Bloomberg analyst Eric Balchunas in a post on X yesterday. Related Reading: Solana Holds Bullish Pattern – Expert Sets $140 Target Despite the fanfare around these new ETFs, the initial enthusiasm for Solana futures seems relatively modest. Recent data shows that Solana futures have generated a daily nominal trading volume of approximately $12.3 million—a stark contrast to the early days of Bitcoin and Ethereum futures, which saw substantially higher figures at their respective launches. However, research firm K33 points out that the lower nominal volume aligns with Solana’s market capitalization when compared proportionally to Bitcoin and Ethereum’s size at their debuts. “With little fuzz and fanfare, SOL futures launched on CME yesterday. Launch day volumes were well below those of the BTC and ETH launches. However, if you normalize volumes to market caps at the launch days, the launch aligns closer to the two,” wrote Vetle Lunde, Head of Research at K33, in a X post. Solana Price At A Pivotal Point Solana is currently trading at $131.6, down more than 50% from its all-time high (ATH) in mid-January. Much of this downturn has been attributed to waning enthusiasm in memecoins—an area where Solana has been particularly active and has often been billed as an “Ethereum killer.” Related Reading: Solana Price Crash To $90? Why A 26% Decline Could Rock This Crypto Still, over the past 24 hours, Solana has gained more than 6%, partly buoyed by the broader crypto market’s reaction to the latest Federal Open Market Committee (FOMC) decision. While the Federal Reserve opted to keep its benchmark interest rate unchanged, the central bank also announced a significant slowdown in its bond runoff program—often referred to as “quantitative tightening.” Starting in April, the Fed will reduce its monthly government bond runoff from $25 billion to $5 billion, a move that many analysts interpret as bullish for risk assets like cryptocurrencies. From a technical perspective, the SOL price is approaching the 0.5 Fibonacci retracement level at $133, a threshold that closely aligns with the 100-day Exponential Moving Average (EMA) at $133.65. A daily close above both levels would be considered bullish, opening the possibility of a rally toward the 0.618 Fibonacci retracement at $166.7, which intersects with the 50-day EMA. In the longer term, traders are eyeing the mid-January ATH near $296 as a potential target—although conquering the immediate resistance levels remains a critical hurdle. Featured image from Shutterstock, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Small asset manager Volatility Shares launching the first-ever Solana ETFs as of tomorrow as spot products await approvals.
The K33 analysts expect a softer impact on the underlying price of SOL from any potential Solana ETF launch.
As of today, CME Group offers the new contracts in two sizes: a micro-sized contract covering 25 SOL and a larger contract covering 500 SOL.
Global crypto investment products saw further net outflows of $1.7 billion last week, according to asset manager CoinShares.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The SEC delayed taking the next steps on several filings this week, but experts say this is 'no surprise' until the new chair is in place.
The filing comes one day after Franklin Templeton filed an S-1 with the SEC to list and trade a spot XRP ETF.
Bloomberg analysts recently estimated Litecoin ETFs have the highest chance of approval, followed by Dogecoin and Solana products.
Volatility Shares Solana ETF and Volatility Shares 2x Solana ETF were assigned the ticker symbols SOLZ and SOLT, respectively, on DTCC.
Despite leading the Bitcoin and Ethereum ETF markets, BlackRock has yet to file for a spot Solana exchange-traded fund.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
So far, the process to launch Solana ETFs is mirroring what transpired when issuers were seeking to launch spot bitcoin products.
Regulatory filings show momentum for crypto ETFs, with Bloomberg estimating a 70% approval chance for spot Solana ETFs in the U.S.
The analysts estimate that Litecoin ETFs filed by Canary and Grayscale have the highest chance of approval.
Experts speculate on the potential launch of memecoin ETFs, with issuers already filing for funds tied to tokens like Trump’s memecoins.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
With lawsuits still pending over Solana’s classification as a security, SOL ETFs will likely have to wait until next year for their debut.
JPMorgan Chase & Co. Analysts have made a significant projection regarding the potential impact of a new wave of exchange-traded funds (ETFs) focused on alternative crypto assets. Should these funds receive the green light from the US Securities and Exchange Commission (SEC), they could attract inflows of up to $14 billion, marking a notable development in the evolving landscape of cryptocurrency investments. JPMorgan Highlights Growing Interest In Alternative Crypto ETFs The analysts specifically highlighted the anticipated interest in proposed ETFs for Solana and XRP. They estimate that Solana ETFs could draw between $3 billion and $6 billion within six to twelve months post-approval, while XRP funds might see inflows ranging from $4 billion to $8 billion over the same time frame. Related Reading: Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next This optimism is grounded in the observed adoption rates of existing spot cryptocurrency ETFs. For context, Bitcoin (BTC) funds currently hold approximately $108 billion in assets, which represents about 6% of Bitcoin’s market capitalization since their introduction a year ago. Meanwhile, Ethereum (ETH) exchange-traded funds have accumulated $12 billion in just six months, translating to a 3% penetration rate of Ethereum’s market value. While JPMorgan anticipates that Bitcoin will remain the dominant choice for investors, the interest in Solana and XRP underscores a growing diversification within the crypto investment community. However, the analysts noted that the key question remains: how much demand exists for additional crypto products? They expressed uncertainty about whether the launch of new exchange-traded products (ETPs) will significantly impact the market. Signs Of Industry Growth Post-Trump Election The SEC has recently received numerous applications for funds tracking various cryptocurrencies, including XRP, Solana, and Litecoin. This influx of filings signals a broader industry push to make cryptocurrencies more accessible to retail investors. In addition, the regulatory landscape has been particularly dynamic in light of the recent election of Donald Trump, who has shifted from being a Bitcoin skeptic to a supporter of digital assets. His administration has already shown a willingness to align with the interests of the crypto community, notably by appointing Paul Atkins, a proponent of cryptocurrency, as the new SEC chair, replacing the previous chair Gary Gensler, who was more critical of the industry. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ Despite the positive outlook, JPMorgan cautioned that progress on ETFs beyond Bitcoin and Ether may be slow due to the recent change in administration and the ongoing lack of regulatory clarity. Nevertheless, the analysts remain optimistic, predicting that more exchange-traded fund applications will be submitted—and potentially approved—in 2025. At the time of writing, XRP is trading at $2.67, posting gains of nearly 6% in the 24-hour time frame. Solana, on the other hand, is trading at $188, up 3% in the same time frame. Featured image from DALL-E, chart from TradingView.com
Matthew Sigel described Polymarket’s 77% projected odds of a US SOL ETF listing in 2025 as “underpriced.”
Solana started a 10% price reversal less than an hour after Pump.fun completed the second transaction of a $55 million Solana transfer to Kraken exchange.
2025 may usher in significant crypto developments, like the first Solana-based ETF and more advanced AI crypto trading bots, but it could also bring new threats.