Oh, the US crypto ETF market is in for a schmegeggy of a week! 🎉 After the SEC finally got off their tuchas and approved those “generic listing standards” last week, the floodgates are open for spot XRP and Solana ETFs-and more! 🌊 No more bespoke 19b-4 approvals? Mazel tov! Exchanges are now listing commodity-based ETPs faster than you can say “Mel Brooks”! Applicants are filing final amendments like it’s a fire sale at the crypto bazaar. 🏃♂️💨
Tick-Tock! ⏳ The XRP & Solana ETF Countdown is On!
On September 24, the ETF Store’s own Nate Geraci (aka the Crypto Maven) dropped a bombshell on X. “Final wave of amendments could be filed by end of this week on various spot crypto ETFs incl XRP & SOL,” he chirped, adding, “those filings are pretty far along-the countdown to launch is on!” 🎉 Citing a Reuters report, he’s basically saying, “Here we go, folks-hold onto your blockchain hats!”
Here we go… 🎬
Hashdex Nasdaq Crypto Index US ETF *approved* under SEC’s new generic listing standards. 🥳
Now you can own crypto beyond BTC & ETH. 🤑
Looks like XRP, SOL, & XLM are joining the party! 🕺
– Nate Geraci (@NateGeraci) September 25, 2025
In another post, Geraci gave a shoutout to the Hashdex Nasdaq Crypto Index US ETF: “Here we go… *approved* under SEC’s new standards. Now you can own more than just BTC & ETH. XRP, SOL, & XLM are crashing the party!” 🎈🍾
Reuters, the nosy neighbor of the financial world, spilled the beans on Sept. 18 and followed up on Sept. 24. Since the SEC floated these rules in July, issuers have been “scrambling like chickens with their heads cut off” to update filings and answer SEC’s nitpicky questions. Three insiders whispered to Reuters, “Final wave of amendments by the end of this week-they’re almost done!” Bitwise’s Teddy Fusaro chimed in, “These are the rules we’ve been waiting for-no more bureaucratic baloney!” 🥳
This rule change is huge-HUGE! By approving generic listing standards at NYSE Arca, Nasdaq, and Cboe BZX, the SEC turned spot-crypto ETF approvals from a snail’s pace slog to a rules-based rocket ride. 🚀 In their own words, exchanges can now list Commodity-Based Trust Shares that meet the criteria “without jumping through the SEC’s hoops”-cutting timelines to 75 days and eliminating redundant reviews that used to bottleneck non-BTC/ETH products. It’s like they finally greased the wheels of the crypto bus! 🚌💨
For XRP, it’s a crowded calendar of chaos. The SEC’s deadlines are stacked like pancakes in October: Grayscale on Oct. 18, 21Shares on Oct. 19, Bitwise on Oct. 20, CoinShares and Canary Capital on Oct. 23-24, and WisdomTree on Oct. 24-25. It’s like a crypto Oktoberfest! 🥞🎪
Solana’s in the same boat-or should we say, spaceship? 🚀 According to Galaxy Digital Research, Solana’s the frontrunner for first-wave approvals under the new regime. Issuers like Bitwise and 21Shares have been tweaking staking, custody, and in-kind transfer language all summer to fit the SEC’s ever-changing whims. It’s like trying to dance the tango with a partner who keeps changing the steps! 💃🕺
At press time, XRP was trading at $2.84. Not bad for a coin that’s been through more drama than a soap opera! 🧼💰
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2025-09-25 20:19