There’s been a lot of buzz recently about Cryptocurrency Exchange-Traded Funds (ETFs), as significant financial institutions are modifying their applications. Notably, crucial deadlines are approaching, and it seems that ProShares and Franklin Templeton have marked June for important events, potentially indicating that the Securities and Exchange Commission (SEC) could soon give its approval.
On June 10th, ProShares requested the Securities and Exchange Commission (SEC) to shift the launch date for its Solana and XRP ETFs to June 25, 2025. If granted, the SEC would be obliged to make a definitive decision by that date, rather than postponing once more.
Spot XRP and Solana ETFs Inch Closer
Indication is that Solana and XRP ETFs might receive approval as soon as June 25, 2025. Notably, Franklin Templeton’s decision regarding an XRP ETF is set for June 17, suggesting a possible approval this month. These ETF filings were initially submitted on January 17, 2025. Presently, no spot XRP ETF has been authorized yet, but ProShares and Franklin Templeton could be the pioneers in this area.
The Securities and Exchange Commission (SEC) remains cautious with regard to Bitcoin ETFs, prioritizing investor protection, deterrence of market manipulation, and ensuring market stability. These issues have historically led to delays in the past. However, recent filings suggest that the applicant companies are diligently striving to comply with regulations and secure approval.
Is “Altcoin ETF Summer” Here?
According to Bloomberg’s ETF analysts, there is an 85% likelihood of approval for an XRP-focused ETF. Analyst Eric Balchunas recently suggested in a post that this summer might see the launch of several Altcoin ETFs, with Solana potentially leading the way. This speculation is based on a report from analyst James Seyfart, which provides updated probabilities for all upcoming spot crypto ETF applications. This hints at a potential surge in the altcoin ETF market in the near future.
Prepare for a possible surge of Alternative Coin Exchange Traded Funds this summer, with Solana expected to take the front seat, along with some combined investment products. This prediction comes from J.Seyff’s recent update, which also provides updated probabilities for all the spot ETF proposals.
— Eric Balchunas (@EricBalchunas) June 10, 2025
The odds of an XRP ETF approval on the Polymarket Prediction platform are currently at 87%.
The prospects for an ETF based on XRP seem more promising than before, with significant decisions anticipated in June and a likelihood of around 87%. This potential approval might mark a significant stride for XRP and the broader cryptocurrency industry.
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2025-06-11 08:26