by aria-ratings.com
August 29, 2025 at 18:39
SEC Deliberates on 92 Crypto ETF Applications, Spotlight on Solana and XRP
The U.S. Securities and Exchange Commission (SEC) is currently reviewing an unprecedented 92 applications for cryptocurrency exchange-traded funds (ETFs).
Among these contenders, Solana (SOL) stands out with the highest number of applications, followed closely by XRP.
This surge in ETF applications reflects a growing interest among institutional investors seeking regulated exposure to altcoins beyond Bitcoin and Ethereum.
Recent statistics show that 20 new applications have been filed since April, heightening expectations for potential regulatory approvals.
Analysts suggest that if the SEC greenlights these ETFs, it could trigger a broader altcoin rally, benefiting cryptocurrencies like Ethereum and BNB.
However, some experts warn of potential volatility for Solana post-approval if inflows do not sustain.
Institutional players such as Grayscale and 21Shares are leading the charge, with 21Shares even launching a new Hyperliquid ETP designed for this market.
The increasing number of filings indicates that cryptocurrencies are gradually integrating into the traditional financial ecosystem.
As the SEC's decision deadline approaches, investor sentiment leans favorably toward Solana and XRP, given their robust historical performances and institutional backing.
The upcoming verdict from the SEC could have lasting implications on the future of these cryptocurrencies and the overall crypto market landscape.
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