The crypto market is buzzing with anticipation for the next spot crypto ETFs. Will Salana and XRP ETFs follow in Bitcoin's footsteps. Or will the altcoin ETF effect prove to be fundamentally different.Two recent SEC decisions should lead to a wave of new ETFs with Salana and XRP widely expected to be approved. The approvals would mark the SEC's most significant embrace of crypto products since signing off on spot Bitcoin and Ethereum ETFs back in 2024. So, will Salana and XRP follow in Bitcoin's footsteps.T ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. XRP (CRYPTO: XRP) is at the center of one of the biggest institutional bets in crypto history, with 13 ETF filings awaiting SEC review just as on-chain flows flatline and charts coil for a breakout.  Wall Street Titans Line Up With 13 XRP ETF Filings Filings span both spot and futures products. WisdomTree, Grayscale, and Franklin Templeton headline the list, with combined assets under management exceeding $ ...

As if crypto trading isn't already volatile enough, ETF manager Volatility Shares hopes to launch Bitcoin and other digital asset funds that would give investors five times the daily exposure to the asset class.  The long list of proposed funds includes Bitcoin, Ethereum, Solana, and XRP ETFs, as well as funds giving amplified exposure to crypto-related stocks such as crypto exchange Coinbase and Bitcoin treasury firms Strategy and Tesla.  Typical ETFs give investors exposure to an asset—be it a security or ...

six xrp etf filings hit within 72 hours. canary capital updated fee structures during government shutdown. you don't file fees when the sec is closed unless approval is already locked. grayscale bitwise franklin templeton all moving in sync. xrp at $2.36 before the announcement drops. ...

More leveraged crypto ETFs$XRP to 589$SOL to 5000000$ETH to 50000000000000James Seyffart (@JSeyff):NEW: We have another new filing with 3X levered ETFs. This batch from @graniteshares and includes Bitcoin, Ethereum, Solana and XRP https://t.co/aTXcEtcxTj ...

Group 1 - The approval of pending cryptocurrency exchange-traded funds (ETFs) tied to assets like Cardano, Litecoin, Solana, and XRP is now considered "100%" guaranteed following the SEC's launch of generic listing standards for cryptocurrency-based ETFs [2][4] - The SEC has requested issuers to withdraw 19b-4 filings related to their ETF applications, which were previously necessary for spot cryptocurrency ETF approvals [2][3] - With the new generic listing standards, only S-1 registration filings are required for spot cryptocurrency ETF applications, eliminating the previous 240-day statutory approval window associated with 19b-4 filings [4] Group 2 - Among the pending spot cryptocurrency ETF applications, Solana-linked products are suggested to be the first to receive approval, as their registration statements have undergone four amendments, indicating high SEC engagement [5] - The launch of Solana ETFs is anticipated to trigger a "Solana season," driven by inflows into the products and demand from digital asset treasury companies [6]

Core Insights - XRP has seen a price increase, surpassing $3.00, driven by institutional demand and significant trading volumes, establishing a short-term support level around $2.99 [1][2] - The rise in XRP's price is attributed to SBI Holdings' expansion of institutional lending services and the anticipation of a U.S. ETF decision, with approval odds now exceeding 99% [2] - Technical analysis indicates strong support at $2.99–$3.00 and resistance at $3.10, with professional accumulation observed above the $3.00 mark [4] Market Activity - XRP experienced a 3% increase from $2.98 to $3.03 between October 2 and October 3, coinciding with SBI's lending rollout [2] - The trading range for XRP was noted at $0.15 (4.9%), with significant volume spikes indicating institutional interest, particularly a surge from $3.00 to $3.06 on 212.6 million tokens [6] - Profit-taking was observed as XRP dipped from $3.03 to $3.02, highlighting the volatility and active trading environment [6] Technical Analysis - Support levels are confirmed near $2.99–$3.00, while resistance is firmly established at $3.10, where institutional selling pressure is concentrated [4] - A consolidation band above $3.00 suggests ongoing professional accumulation, with the need for sustained closes above $3.10 to target the next price level of $3.20 [4] Trader Sentiment - Traders are closely monitoring XRP's ability to maintain prices above $3.00 and retest the $3.10 resistance level [7] - Institutional positioning is shifting in anticipation of the upcoming ETF deadlines on October 18, which could influence market dynamics [7] - The impact of SBI's lending flows on Asian liquidity trends is also a point of interest for traders [7]

Core Insights - Solana is poised to potentially launch its first spot exchange-traded fund (ETF) soon, with a high probability of approval due to recent regulatory changes at the SEC [1][2] - The SEC's new leadership under Paul Atkins has shifted towards a more favorable stance on crypto, facilitating innovation and the approval process for crypto ETFs [2] - The new rules allow for a quicker decision from the SEC, which could lead to over one hundred crypto ETFs being approved in the next six to twelve months [3] Solana's Market Position - Solana is among the altcoins that ETF issuers are looking to create funds around, with expectations of increased demand in the underlying market due to ETF launches [4] - The approval of Solana ETFs is anticipated to enhance the cryptocurrency's market position, especially with the upcoming Alpenglow upgrade expected to gain broad support [5] - The Alpenglow upgrade aims to significantly improve transaction finality, potentially making Solana a faster alternative to Ethereum and other layer 1 blockchains [6] Broader Crypto Market Trends - The overall crypto market is experiencing positive movements, with Bitcoin and Ethereum both seeing a 1.2% increase in value over the past 24 hours [7]

Core Insights - Crypto ETF approvals are now deemed "100%" certain, with Solana funds expected to be approved imminently following the fourth amendment submission [1] - The SEC's approval of generic listing standards has streamlined the approval process for crypto ETFs, reducing the timeline from nine months to as few as 75 days [3][4] Group 1: SEC Developments - The SEC's new generic listing standards eliminate the need for individual 19b-4 filings, making the regulatory process for crypto ETFs more efficient [2] - Issuers can now proceed directly with S-1 registration statements, which is the final step before launching an ETF [4] - The SEC has instructed issuers of proposed ETFs for various cryptocurrencies, including Solana, to withdraw pending Form 19b-4 filings [3] Group 2: Market Impact - Seven major asset managers have filed updated S-1 documents for spot Solana ETFs, indicating strong interest in launching these products [2] - The first fund listed under the new streamlined system is Grayscale's Digital Large Cap Fund, which manages over $915 million in assets [5] - There are currently more than 92 crypto ETF applications awaiting SEC review, with significant deadlines approaching in October and November [5] Group 3: Investment Trends - Bloomberg analysts previously projected a 95% approval probability for Solana and XRP ETFs by year-end, which has now increased to 100% for Solana [6] - Prediction markets show high optimism for Solana ETF approval, with current odds at 99% [6] - Digital asset investment products experienced $812 million in outflows last week, attributed to stronger-than-expected economic data affecting interest rate expectations [6]

Group 1 - The SEC has requested altcoin ETF applicants to withdraw their 19b-4 filings due to newly approved generic listing standards, making those filings unnecessary [1][2] - Issuers are now required to submit S-1 filings, which can be approved by the SEC at any time if they meet existing criteria, indicating a streamlined process for crypto ETFs [2] - Upcoming deadlines for spot crypto ETFs include Litecoin on October 2 and Solana on October 10, with the SEC having discretion to approve or delay these applications [2][3] Group 2 - Analyst Ted Pillows highlighted two possible scenarios for the upcoming spot ETFs for SOL, XRP, DOGE, and LTC, suggesting that the second scenario appears more probable and healthier for the market [3] - A sharp rally into approval followed by a full retrace is anticipated, with a retracement aimed at clearing excess leverage before a more sustainable rally occurs [5]