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Final Position XRP and Solana ETF Amendment is expected this week

by | Sep 25, 2025 | Crypto | 0 comments

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The U.S. Securities and Exchange Commission (SEC) approved the General List Standard last week to open a simplified path for Spot XRP and Solana ETFs (beyond products outside Bitcoin and Ether), and the U.S. crypto ETF market is making a decisive scope. As the exchange is now able to list qualified commodity-based ETPs without the customized 19b-4 approval, applicants for Spot XRP and Solana funds are rushing to propose a final amendment that several industry players have baked a lot.

Countdown to start Spot XRP and Solana ETF

On September 24, ETF Store president Nate Geraci signaled the inflection point in a series of posts on X. “Final wave of amendments could be filed by end of this week on various spot crypto ETFs incl xrp & sol,” he wrote, adding that “those films are pretty far along in the review process” and that the “countdown to launch is on,” citing a Reuters report on the SEC’s new framework.

In another post, Geraci tagged Hashdex Nasdaq crypto index index our ETF: “We are here… hashdex nasdaq nasdaq crypto index us etf *approved* according to the SEC’s new universal listing standard*.

Reuters first gave a detailed detailed introduction to regulators’ accelerating pathways on September 18 and followed up on September 24, reporting that as the SEC initially set the rules in July, issuers “scrambled to update their new product documents and respond to specific comments and questions from the SEC.” The three familiar with the matter told Wire Service that “the last wave of amendments can be filed this weekend.” “These documents are already far away during the review process,” said Bitwise president Teddy Fusaro. “These are the rules we have always expected.”

Rule changes are basic. By blessing the general listing standards of the New York Stock Exchange, Nasdaq and CBOE BZX, the committee transferred on-site approved ETFs from ruling, proposal-by-proposal approval to a rule-based regime. In the SEC’s own words, the exchange can now list commodity-based trust shares that meet the criteria that “do not first submit the proposed rule changes to the committee, which limits the timeline to approximately 75 days direct circumstances and removes duplicate comments from historically bottleneck non-BTC/ETH products.

XRP, in particular, is now vaguely visible in compressed and crowded calendars. The SEC’s final deadlines line up in 7 days in October: October 18, October 19, Grayscale, October 19, October 20, Coinshares and Canary Capital will be from October 23-24, and from October 24-25, Wisdomtree.

Solana is located in the same slide. According to Galaxy Digital Research, Solana is the leading candidate for the first wave of approval under the general system, reflecting the maturity of filing and the preparation for communication to list them. Issuers, including Bitwise and 21shares, all spent the summer, modifying staking, custody and physical transfer languages ​​to suit the exchange’s rulebook and the SEC’s evolving expectations.

At press time, XRP traded at $2.84.

XRP Price
XRP facing downforce, 1-day chart | Source: XRPUSDT on TradingView.com

Featured Images created with dall.e, Charts for TradingView.com

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