Key Takeaways
- Spot ETF filings for XRP, SOL, and LTC may be approved once the US government shutdown is resolved.
- The SEC has acknowledged spot ETF filings for XRP from firms like Bitwise, 21Shares, and CoinShares, suggesting imminent decisions.
Spot exchange-traded funds tied to XRP, Solana (SOL), and Litecoin (LTC) may launch within the next two weeks, ETF Store President Nate Geraci speculated.
According to Geraci’s recent post, the only remaining obstacle to launching spot crypto ETFs is the US government shutdown, which, once resolved, could clear the way for swift approval.
The SEC has acknowledged recent spot ETF filings for XRP from firms like Bitwise, signaling ongoing reviews that could enable US market launches. Spot ETF applications for XRP from entities like 21Shares and CoinShares have reached final SEC deadlines, paving the way for potential approvals and institutional adoption.
A spot Solana ETF has already launched in the US under a ’40 Act structure by REX-Osprey, incorporating staking for on-chain yield to attract investors. The product demonstrates how newer crypto ETFs are integrating innovative features beyond simple price exposure.
The potential crypto ETF launch would represent the latest wave of spot ETF applications following the success of Bitcoin and Ethereum products. These exchange-traded funds provide direct exposure to cryptocurrencies without futures contracts, offering institutional investors regulated access to digital assets.
Source: https://cryptobriefing.com/spot-etf-xrp-sol-ltc-launch-two-weeks/
