BITPRISMIA
The US Securities and Exchange Commission (SEC) is accelerating the approval process for a Solana spot ETF, potentially making Solana the third cryptocurrency with a US spot ETF, following Bitcoin and Ether.
Experts suggest an XRP ETF may be next after the Solana ETF launch, with high approval odds predicted by Bloomberg analysts and market experts.
The SEC has halted the conversion of Grayscale’s Digital Large Cap Fund (GDLC) into an ETF, pausing its listing on NYSE Arca due to regulatory review, particularly concerning its inclusion of XRP, Solana, and Cardano.
DeFi Development Corp plans to raise $100 million through a private offering of convertible notes to further its Solana-centric strategy, amid growing speculation about potential Solana ETF approvals.
The article discusses the potential impact of the first-ever Solana staking ETF (REX-Osprey Solana and Staking ETF) on Solana's price, with predictions suggesting it could rise to $500, and highlights the ETF's features and market implications.
Bloomberg Intelligence analysts have raised the approval odds for XRP, Solana, and Litecoin ETFs to 95% by the end of 2025, citing positive SEC engagement and pending decisions on related filings.
Ripple's decision to drop its cross-appeal against the SEC may pave the way for an XRP ETF, with potential involvement from BlackRock, as the lawsuit's resolution removes a key regulatory hurdle.
The SEC is likely to approve Grayscale Investments' bid to convert its $760 million Digital Large Cap Fund (GDLC) into an ETF, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, with a decision deadline set for July 2.