Solana & XRP ETF: Expert Weighs In On Odds & Headwinds For Approval

Solana and XRP ETF approval odds are low under the current administration and hinge on the outcome of the US elections, says Nate Geraci.
By Varinder Singh
Updated June 28, 2025
Solana & XRP ETF Are Next After Ether, Here's The Potential Approval Timeline

Highlights

  • Nate Geraci says additional spot crypto ETF approvals like those for Solana or XRP seem unlikely.
  • Geraci explains headwinds and odds of Solana and XRP ETF in 2025.
  • Factors fueling sentiments towards launch of aditional crypto ETFs.

The crypto industry eagerly awaits the launch of spot Solana and XRP ETFs after the U.S. Securities and Exchange Commission (SEC) successfully approved spot Bitcoin and Ethereum ETFs this year. Moreover, the recent cues and developments have driven demand for these exchange-traded funds from institutional investors.

However, an ETF expert explains there are still many headwinds despite some people seeing high odds of approval next year. The primary reason behind for slow approval of these investment vehicles is reluctance by the US SEC.

Advertisement
Advertisement

Solana and XRP ETFs Odds Hinge On Elections: Nate Geraci

Nate Geraci, president of The ETF Store and co-founder of The ETF Institute, said additional spot crypto ETF approvals like those for Solana or XRP seem unlikely. Keeping politics aside, the current market conditions and regulatory stance make it difficult to envision spot SOL ETF or spot XRP ETF for a year or two.

“Nothing would indicate a spot Solana or XRP ETF is possible in next yr or two given current state,” Geraci said in an X post on September 14.

He believes the odds are low under the current administration. The possibility might hinge on the outcome of the US elections in November. There may be a potential shift in crypto regulatory policies if there’s a change in administration.

The market speculates major shift with Republican presidential candidate Donald Trump and Massachusetts Senate candidate John Deaton’s victory. Pro-XRP lawyer Deaton’s win is linked to a potential boost in XRP exchange-traded fund. However, Democrat Kamala Harris’ win in the presidential elections will put the crypto industry in limbo.

Advertisement
Advertisement

Factors Fueling Crypto ETFs Sentiments

Solana Exchange-Traded Fund Prospects

The speculation surrounding spot Solana exchange-traded fund gained immediately after the approval of proof-of-stake Ethereum for exchange-traded funds by the US SEC.

Furthermore, VanEck and 21Shares filing for spot SOL ETF fueled investor sentiment and SOL price. However, VanEck and 21Shares 19b-4 filings for SOL ETF are now not available on Cboe website, experts claimed the US SEC is reluctant to approve them.

After Brazil approved two spot Solana ETFs, VanEck head of research Matthew Sigel revealed that the US may need a regulatory “soft fork” before Solana ETF can get approval.

Solana price fell after delays in ETF approval by the US SEC. This has dampened investor optimism, potentially driving bearish sentiment. SOL price is currently trading at $138, down over 2% in a month.

XRP ETF Odds

The odds of XRP ETF were boosted by Ripple’s partial in the US SEC v. Ripple Labs lawsuit. Recent developments by US SEC and Ripple executives have hinted at no appeal in XRP lawsuit.

This clarity, alongside developments like Grayscale XRP Trust and XRP Index by CME, underscores the integration of XRP into traditional financial systems, which further boosted the odds.

Ripple president Monica Long commented on a potential XRP ETF launch. Moreover, Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty have remained confident about the odds.

XRP price jumped 3% in the past 24 hours and 11% in a week,with the price currently trading at $0.586. The 24-hour low and high are $0.566 and $0.591, respectively. The price witnessing upside momentum this week after Grayscale announced XRP Trust.

Advertisement
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.