Spot Solana and XRP ETF interest surges as institutional demand builds

Investor demand for the Spot SOL XRP ETF is accelerating, as fresh SEC filings from Grayscale, VanEck, Franklin Templeton, and Canary/Marinade point to mounting institutional interest. Analysts warn markets may be underpricing the appetite for these altcoin ETFs, which could see explosive adoption once regulatory approval lands.

“According to experts, the chances of approval for XRP and SOL ETFs are up to 95%, much higher than other crypto funds currently under review,” industry sources say. The positive momentum points to a potential milestone in altcoin investing.

Analyst Insights on Spot SOL XRP ETF

ETF analyst Nate Geraci emphasized the underestimated demand for these products in a September 1 social media post.

“Nate Geraci says that demand for Spot SOL XRP ETF is being underestimated. He compared it to early skepticism around Ethereum ETFs, which have since outperformed expectations. Growing interest now indicates that both SOL and XRP ETFs are likely headed for approval and strong investor participation,” he said.

Bloomberg analyst James Seyffart added,

“Recent updates from SOL ETF issuers indicate ongoing, constructive discussions with the SEC, reflecting progress in the review process and signaling growing confidence in the Spot SOL XRP ETF.”

SOL ETF Updates Signal Progress

Several institutions, including Grayscale, Canary/Marinade, Franklin Templeton, and VanEck, have filed updated documents with the SEC for their SOL ETF offerings. Analysts interpret these updates as a positive indication that the Spot SOL XRP ETF review process is advancing smoothly.

“Approval odds for XRP and SOL ETFs are currently estimated at 95%,” Seyffart noted. “The Spot SOL XRP ETF could become one of the first altcoin ETFs to receive regulatory clearance, attracting both retail and institutional investors.”

Regulatory Timeline and Expectations

The SEC is expected to announce its decisions on the proposed funds in October. Solana ETF rulings are anticipated around October 16, while XRP ETF decisions are likely between October 18 and 23.

“While optimism is high, the success of the Spot SOL XRP ETF depends entirely on SEC approval,” experts caution. “Other altcoin-based ETF proposals, including Cardano, Polkadot, Avalanche, and Hedera, are also under review.”

Market Implications

Approval of the Spot SOL XRP ETF could mark a turning point in altcoin investing, drawing substantial interest from both institutional and retail investors. Analysts believe the launch of these ETFs will enhance market liquidity and strengthen investor confidence.

Geraci added, “With several institutions actively engaged with the SEC, the Spot SOL XRP ETF is positioned to become a primary avenue for altcoin exposure in traditional investment portfolios, potentially reshaping crypto market participation.”