Expert Believes XRP ETF Will Launch Before Solana. Here’s the Timeline

With Ethereum ETFs already in the market, Solana and XRP are the most prominent successors, and both communities are eager for an ETF launch as soon as possible.

However, experts believe XRP is the frontrunner in the race. They expect ETF approval to come soon. This optimism follows Grayscale Investments’ recent announcement of the Grayscale XRP Trust, which is seen as a significant step toward an ETF.

Grayscale, a leading digital asset management company, announced the Grayscale XRP Trust on September 12. This trust allows accredited investors, both individual and institutional, to gain exposure to the digital asset. According to Grayscale’s Head of Product, Rayhaneh Sharif-Askary, the XRP Trust offers investors access to a protocol known for its real-world applications and utility.

The creation of the Grayscale XRP Trust has sparked renewed excitement in the comments, as many community members see this move as paving the way for a future ETF, which could further boost XRP’s position in the market.

The Trust opened for daily subscriptions shortly after the announcement, providing a new way for eligible investors to engage with XRP. The product is designed similarly to Grayscale’s other single-asset trusts, which focus on specific cryptocurrencies.

Potential Timeline for XRP ETFs

Blair Campbell (@LuxeProfit), a popular crypto marketing expert on X, shared her thoughts on the potential timeline for an XRP ETF. Campbell speculated that an ETF could be approved within the next four to eight months. She emphasized that after the approval of Bitcoin and Ethereum spot ETFs, the digital asset stands a strong chance of being next in line, potentially ahead of Solana.

This prediction comes at a time when efforts to launch a Solana (SOL) ETF in the U.S. have encountered significant hurdles. In June, asset management firm VanEck applied for the first Solana ETF.

Why XRP ETFs Will Launch Before Solana

However, the U.S. Securities and Exchange Commission (SEC) has paused the approval process because of Solana’s unresolved security classification. This setback has caused uncertainty in the community, with speculation that Solana ETFs might not launch even in 2025.

However, XRP does not have this problem, as the court ruling from July 2023 decided that the digital asset is not a security. Additionally, the recent conclusion of the legal battle between Ripple and the SEC further cements this ruling and its security status.

Grayscale’s relaunch of XRP Trust, previously removed in response to legal challenges, has also reinforced this confidence. Although no official application for an XRP ETF has been submitted to the SEC, the actions of asset managers like Grayscale suggest that the industry will soon see it happen.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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