XRP ETF Expected to Launch Next Week

Speaking at the Ripple Swell conference, McClurg revealed that the wait for an XRP ETF might soon be over. He confidently stated,

“We are ready to launch the XRP ETF next week.”

The announcement sparked considerable excitement within the XRP community and across the broader crypto market. Analysts suggest this development could mark the next major milestone in the expansion of altcoin-based ETFs, following the footsteps of Bitcoin and Ethereum products that reshaped investor access to the digital asset space.

McClurg emphasized that the introduction of XRP ETFs is not only a win for XRP investors but also a significant step forward for the institutional integration of the crypto industry.

XRP: The Next Wall Street Favorite

According to McClurg, XRP is on track to become the second most recognized cryptocurrency on Wall Street, right after Bitcoin. He noted that institutional interest in XRP has been rapidly accelerating and projected that within just 30 days of launch, the XRP ETF could attract as much as $5 billion in institutional inflows.

“XRP’s real-world utility and its strong community support could make this ETF one of the most successful launches in crypto history,” McClurg stated, underscoring the asset’s long-term potential in regulated financial markets.

Institutional Momentum Grows

McClurg also drew comparisons between XRP and Ethereum ETFs, highlighting that XRP’s structural simplicity could offer an advantage. Unlike Ethereum, XRP doesn’t rely on staking mechanisms, which means ETF investors won’t miss out on potential yields or face related complications.

As the market anticipates this launch, industry observers see XRP ETFs as a pivotal moment for altcoins — signaling not just diversification in ETF offerings, but a broader validation of crypto’s role in mainstream finance.

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As we all know, BTC and ETH spot listings already existed, and we were familiar with how they worked. However, this step for altcoins is a first and opens a significant door in the sector. Essentially, what used to be called a bubble is now beginning to be adopted by governments worldwide.

How Did the Process Work?

Earlier this September, the SEC issued a new regulation that included general standards to simplify the listing process for crypto/commodity ETFs. Thanks to this regulation, there was no longer a need for lengthy, separate reviews for each new product, and the process became considerably faster.

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Why Are Spot ETFs Important?

These spot ETFs provide investors with numerous benefits. The biggest advantage is that investors can invest in the ETF portion rather than directly in the crypto asset, securing themselves. Previously, investors could only do this for Bitcoin and Ethereum, but now they can invest in **Solana, Litecoin, and Hedera** without holding the actual crypto assets. In fact, Solana also offers **staking opportunities**, allowing investors to earn additional income through staking.

With the SEC accelerating this process, the acceptance of crypto assets in terms of ETFs is increasing day by day. Various expert opinions explain this situation as follows:

Thanks to these accelerated approvals, the flow of institutional capital into this segment could increase further, adding benefits to the existing crypto market in terms of liquidity.

Mainstream is now crypto again.

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Delay in Litecoin Spot ETF Approval

Bloomberg analyst James Seyffart Noted that the previously set deadline for the Litecoin ETF application may no longer be valid. Normally, Canary’s 19b-4 filing was expected to be finalized today. However, the SEC now requires submissions under the newly adopted “general listing standards” for all products. This means that the previously determined date is no longer a clear reference point for investors.

Seyffart emphasized that the partial shutdown of the U.S. government has added serious uncertainty to the process.

“No one really knows exactly what is happening right now. However, we still believe these products will be launched in the near future,” he said, making it clear that approval has not been completely ruled out.

This statement offers both reassurance to investors and signals that short-term volatility risks may continue. Analysts note that the SEC’s compliance with new standards and bureaucratic delays could make ETF approval processes take longer than usual.

Uncertainty in SEC Staffing and Approval Processes

Crypto journalist Eleanor Terrett

Stated that the government shutdown could directly affect the approval process for the Litecoin ETF. She highlighted that the SEC must approve the S-1 filings, but the agency is operating with limited staff, making it unclear which personnel are active and what priorities are being set.

Terrett also noted that she reached out to the SEC for comment, but spokespersons were unable to respond to many press inquiries due to the shutdown. Since 19b-4 filings are now being withdrawn, the old deadlines technically no longer hold significance.

This situation increases uncertainty for crypto investors. In particular, institutional investors may delay their strategic decisions due to such postponements. However, experts stress that the SEC has not completely suspended the process and intends to make decisions in line with the new standards.

Expert Opinions and Market Impact

Crypto analysts argue that the delay will not completely diminish investor interest. On the contrary, the likelihood of ETF approvals being issued in the short term is fueling expectations among investors and even increasing volatility in some altcoins.

Analysts explain that the SEC’s new listing standards and the slowdown caused by the government shutdown are influencing the decision-making process, but final approval remains possible. In other words, investors should not treat such delays as a reason to panic but rather as part of the normal regulatory procedure.

Additionally, this situation underscores the long-term importance of launching spot ETFs. Once approved, they could significantly boost liquidity and institutional interest, especially for altcoins.

Key Takeaways for Investors

• Delays create short-term uncertainty, but investors should remain patient.
• Once ETF approval is granted, altcoins could see substantial liquidity and price movements, particularly with increased institutional participation.
• Regulatory uncertainties should be factored into investment strategies as a driver of volatility in the crypto market.

According to experts, investors should carefully monitor the process instead of panicking and focus on seizing opportunities once ETF approvals are granted. Delays are seen as a natural part of the market and a necessary step to ensure compliance with regulatory standards.

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Litecoin ETF Decision in Focus

The first major crypto ETF decision of the month concerns the Litecoin (LTC) ETF. The SEC will rule on Canary Capital’s application on October 2. Following that, Grayscale will finalize its Litecoin and Solana ETF applications by October 10. These developments will help investors shape their portfolio planning.

The October ETF wave will conclude on October 24 with WisdomTree’s XRP ETF. The SEC may announce decisions before the final deadline. According to Nate Geraci, the SEC will review Litecoin first, followed by Solana, Dogecoin, XRP, ADA, and HBAR ETFs, and is expected to complete the approval process quickly.

SEC Accelerates the Crypto ETF Process

Recently, the SEC approved general ETF rules, speeding up the approval process. Applications now move from 240 days to 75 days. Investors and fund companies can now manage the process more easily and predictably.

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Big Funds Stay Quiet

Major investment firms like BlackRock and Fidelity have not filed crypto ETF applications beyond Bitcoin and Ether. This cautious approach may limit competition in the market. Crypto ETFs are entering a critical period, allowing investors to diversify their portfolios and boost liquidity. October’s decisions are set to shape the future of the crypto market.

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In an interview with Paul Barron, McClurg emphasized that XRP enjoys wide recognition among financial circles. He noted that although Ethereum ranks second by market capitalization, it does not surpass XRP in visibility among Wall Street institutions. 

Huge Demand Expected for XRP ETFs 

The Canary CEO predicted that XRP ETFs could attract up to $5 billion in inflows during their first month of trading. He added that this surge could allow XRP funds to outperform Ethereum-based products. 

However, McClurg also pointed out that macroeconomic factors will directly shape the outcome. He argued that the Federal Reserve should have already lowered interest rates. Furthermore, he expects the FOMC meeting in September to finally deliver a rate cut, which may boost overall crypto market momentum. 

Meanwhile, Canary Capital is among the asset managers that have applied for an XRP ETF with the SEC. The firm recently submitted an amended S-1 form, while the regulator postponed its decision to October 23. On that date, the SEC must either approve or deny the proposed rule change that would allow the fund’s shares to list and trade. 

New Crypto ETFs on the Horizon 

McClurg noted that not only XRP but also Solana, Litecoin, and Hedera ETFs could launch later this year. He clarified that final approval depends on the SEC, yet Coinbase’s existing XRP futures offering strengthens the case for approval. 

CME also lists regulated XRP futures, a key factor that previously paved the way for Bitcoin and Ethereum ETF approvals. 

On the other hand, McClurg admitted that some crypto funds may not receive clearance until next year. Canary Capital has filed for multiple products, including ETFs tied to PENGU, TRX, INJ, AXL, SUI, SEI, and Trump coin. The company also submitted a proposal for an “American-Made Crypto ETF,” designed to track U.S.-linked tokens. 

In the end, McClurg reaffirmed his belief that XRP ETFs could launch this year. If so, the asset would further strengthen its position as Wall Street’s most recognized cryptocurrency after Bitcoin. 

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Delay Confirmed For Ethereum Staking And XRP ETFs

In an announcement on May 20, the SEC officially postponed its decision regarding Bitwise’s proposal to add staking to its Ethereum (ETH) ETF and Grayscale’s application for an XRP ETF. Both delays extend the review period by an additional 45 days, allowing the agency more time to assess the proposals under regulatory frameworks.

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According to the filing, the SEC requires further analysis and is soliciting public comments on Grayscale’s XRP and Bitwise’s Solana (SOL) tracking funds. Bloomberg ETF analyst James Seyffart commented on X (formerly Twitter) that these delays are “absolutely expected,” citing that the SEC usually exhausts the full review window for such applications.

Litecoin ETF Gathers Momentum Among Analysts

While most altcoin-based ETF applications are likely to see similar delays, Seyffart highlighted Litecoin (LTC) as having “a higher likelihood vs others of getting approved first.” With multiple XRP ETP filings approaching decision dates in the coming days, analysts expect any early approvals to emerge in late June or early Q3 — though early Q4 seems more probable.

Several major ETF filings, including those linked to Polkadot (DOT), are due in June, such as Grayscale’s proposal by June 11 and 21Shares’ filing by June 24.

The recent wave of ETF applications comes amid changing tides at the SEC, following the resignation of former chair Gary Gensler. His tenure, marked by over 100 enforcement actions against crypto projects, has now given way to a perceived more crypto-friendly atmosphere, with multiple legal cases against firms like Gemini and Cumberland DRW being dropped.

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Grayscale Solana and Litecoin ETF Applications Face Delay 

The SEC continues to review Grayscale’s proposed ETFs for Solana Trust and Litecoin Trust. The agency is assessing compliance with the Securities Exchange Act of 1934. If approved, Solana and Litecoin ETFs would trade publicly through traditional investment accounts. However, the SEC has requested more time to determine whether both applications meet legal and market conditions. As a result, Grayscale’s ETF applications are now subject to an extended review process. 

According to Polymarket, the Solana ETF has an 82% approval probability, while the Litecoin ETF stands at 80%. Investors are closely monitoring these developments, as approval could usher in a new era for the crypto market. 

BlackRock’s Bitcoin ETF Model and Public Comment Process 

The SEC is evaluating BlackRock’s proposed rule change for the iShares Bitcoin Trust, which would allow in-kind redemptions. Authorized participants could exchange ETF shares directly for Bitcoin instead of cash. Additionally, BlackRock has applied for in-kind creation and redemption processes for its spot Ethereum ETF. Despite recent delays, the U.S. SEC has accepted a spot Dogecoin ETF filing from 21Shares. 

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Why is the SEC’s Litecoin ETF Decision Critical? 

After approving Bitcoin and Ethereum ETFs, the SEC has turned to altcoin ETFs. Canary Capital’s Litecoin ETF application was accepted on January 16 through Nasdaq’s 19b-4 process. This process enables new financial products to be listed on exchanges. Seyffart notes that while the SEC has delayed other crypto ETFs, it has held off on Litecoin’s file. Meanwhile, Litecoin’s low volatility and stable network attract institutional investors. Approval would strengthen Litecoin’s market position. 

The @CanaryFunds Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early & delayed a bunch of filings but not this. If any asset has a chance of early approval it's Litecoin IMO. Personally think a delay is more likely but def something to watch pic.twitter.com/FilnUcMtUH

— James Seyffart (@JSeyff) May 4, 2025

Litecoin Price and Market Predictions 

LTC’s market performance is gaining momentum with ETF approval expectations. Daily trading volume rose 31%, exceeding $338 million. Analysts expect a strong rally if the $90 resistance is broken. Analysts suggest that in case of approval, LTC’s price could reach $500. Additionally, ETFs for altcoins like Solana, XRP, and Dogecoin are rumored to potentially gain approval in 2025. LTC is currently one of the strongest candidates. 

LTC is trading at $87. It has risen 0.9% daily and 10% over two weeks, recovering steadily. Litecoin ETF expectations are supporting the price. The price holds above the SMA50 ($82.87). RSI at 56 indicates room for upside. Bollinger Bands are widening, signaling increased volatility. Volume remains steady, with support at $82 and $78, and resistance at $90. Breaking $90 could trigger a strong rally. 

***is not investment advice***

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Details of the Postponements

The SEC has postponed decisions on several high-profile ETF applications, including Grayscale’s filings for Dogecoin (DOGE), XRP, Litecoin (LTC), and Cardano (ADA). Additionally, Canary Capital, Bitwise, and 21Shares have also seen delays in their XRP ETF applications.

The regulator further delayed decisions on Solana (SOL) ETFs submitted by 21Shares, Canary, and VanEck. The last of the altcoin-related ETF postponements was Canary Capital’s Litecoin (LTC) filing.

Other crypto ETF delays include in-kind creation and redemptions for BlackRock IBIT ETF, as well as Fidelity’s Wise Origin Bitcoin ETF (FBTC) and Fidelity Ethereum ETF (FETH). Additionally, 21Shares’ Core Ethereum ETF proposal to include staking has also been postponed.

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New Applications and Market Race Intensify

Despite these delays, the SEC has acknowledged new filings, including Grayscale’s Hedera (HBAR) ETF and Bitwise’s updated Dogecoin (DOGE) filing. Moreover, on March 11, Franklin Templeton filed an S-1 Form for its own XRP ETF, further intensifying the altcoin ETF race.

Strong Approval Odds for 2025!

Bloomberg ETF analyst James Seyffart emphasized that these delays are part of standard procedure and should not raise concerns. He also noted that Paul Atkins has yet to be confirmed as the new SEC chair, which may have influenced the delay timeline.

In February, Seyffart and Bloomberg Senior ETF Analyst Eric Balchunas published their approval probability estimates for Litecoin (LTC), Solana (SOL), XRP, and Dogecoin (DOGE) ETFs. According to their analysis, Litecoin (LTC) leads with a 90% chance of approval in 2025, followed by Dogecoin (DOGE) at 75%. Solana (SOL) has a 70% probability, while XRP holds a 65% chance of approval.

The analysts highlighted that these approval odds were below 5% before Donald Trump’s election victory in November. Since then, regulatory sentiment has shifted, significantly increasing the likelihood of ETF approvals. If the regulatory environment continues to improve in the US, these odds may rise even further.

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Among the delayed applications are Grayscale’s XRP ETF and Cboe BZX Exchange’s spot Solana ETF. The SEC has postponed its decisions on these products until May.

Considered Standard Procedure

Bloomberg ETF analyst James Seyffart commented on March 11 that the SEC’s delay in ruling on these altcoin ETFs is not a cause for concern. Seyffart described the delay as “standard procedure” and noted it does not negatively impact the probability of approval. He also mentioned that Paul Atkins, who was nominated by President Donald Trump to serve as the next SEC Chair, has yet to be confirmed. “This doesn’t change our (relatively high) odds of approval. Also, the final deadlines aren’t until October,” Seyffart said.

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Another Bloomberg ETF analyst, Eric Balchunas, added that “everything is delayed,” including ETF filings featuring Ethereum staking and in-kind redemptions.

Expectations High Under Trump Administration

In December, President Trump nominated pro-crypto businessman and former SEC Commissioner Paul Atkins to lead the agency. However, Atkins’ Senate confirmation hearings have yet to be scheduled.

The SEC has a history of delaying ETF decisions. On February 28, the agency extended its review period for Cboe Exchange’s application to list options tied to Ethereum ETFs. Many altcoin ETF filings followed Trump’s election and the resignation of former SEC Chair Gary Gensler.

During Gensler’s tenure, the SEC took an aggressive regulatory stance toward crypto, with over 100 crypto-related enforcement actions between 2021 and his resignation in early 2024. Since Gensler’s departure, several firms previously facing legal action from the SEC, including Gemini (February 26) and Cumberland DRW (March 4), have had their cases dismissed.

Meanwhile, acting SEC Chairman Mark Uyeda has proposed abandoning parts of a rule change that would have expanded the regulation of alternative trading systems to include crypto firms.

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