Potential issuers of spot crypto ETFs, together with these tied to XRP and Solana, are to submit remaining amendments to their purposes within the coming days.
Nate Geraci, the President of NovaDius Wealth Administration, shared the discover in an X put up at the moment, citing a Reuters report.
In accordance with the report, three sources acknowledged that potential issuers could submit remaining amendments to the XRP and Solana ETF purposes by the tip of this week.
XRP ETF Evaluate Course of Advancing Quickly
For the reason that SEC accredited spot ETFs for Bitcoin and Ethereum final yr, a number of issuers have utilized to launch related merchandise targeted on different cryptocurrencies, together with XRP and Solana.
Canary, Bitwise, Grayscale, and Franklin are among the many issuers searching for to roll out XRP and Solana ETFs. In a latest assertion, Bitwise President Teddy Fusaro acknowledged that the filings are effectively superior within the assessment course of.
Notably, these issuers have been amending their filings since July, following the SEC’s introduction of its new itemizing requirements.
Final month, not less than seven asset managers, together with Grayscale and Bitwise, amended their XRP ETF purposes. The updates purpose to enhance product flexibility by allowing creation and redemption in XRP, money, or in-kind.
On the time, Geraci and different crypto stakeholders claimed the issuers have been responding to particular requests from the SEC.
Equally, issuers searching for to launch spot Solana ETFs within the U.S. additionally amended their purposes final month. Because the assessment course of advances, sources declare that the ultimate wave of amendments might occur this week.
Countdown to Launch is On
Apparently, Geraci famous that the countdown to the launch of XRP and Solana ETFs has begun, suggesting their rollout might be imminent.
Closing wave of amendments might be filed by finish of this week on numerous spot crypto ETFs incl xrp & sol…
“These filings are fairly far alongside within the assessment course of.”
Countdown to launch is on.
by way of @Reuters pic.twitter.com/GBLExiqmCG
— Nate Geraci (@NateGeraci) September 24, 2025
Within the meantime, hypothesis means that the SEC might approve the merchandise for launch early subsequent month. The timeframe coincides with the SEC’s remaining resolution deadline for a number of spot XRP and Solana ETFs.
Particularly, the SEC has a remaining deadline of October 10 to determine on Grayscale’s request to transform its Solana Belief to a spot ETF.
The SEC can also be anticipated to determine on a number of Solana ETF filings later in October, in addition to a number of XRP ETF purposes throughout the identical interval.
Whereas every submitting carries its personal deadline, the company might situation rulings on all of the merchandise concurrently, much like its method with the Bitcoin and Ethereum ETFs.
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