Prospective issuers of spot crypto ETFs, including those tied to XRP and Solana, are to submit final amendments to their applications in the coming days.
Nate Geraci, the President of NovaDius Wealth Management, shared the notice in an X post today, citing a Reuters report.
According to the report, three sources stated that prospective issuers may submit final amendments to the XRP and Solana ETF applications by the end of this week.
XRP ETF Review Process Advancing Rapidly
Since the SEC approved spot ETFs for Bitcoin and Ethereum last year, several issuers have applied to launch similar products focused on other cryptocurrencies, including XRP and Solana.
Canary, Bitwise, Grayscale, and Franklin are among the issuers seeking to roll out XRP and Solana ETFs. In a recent statement, Bitwise President Teddy Fusaro stated that the filings are well advanced in the review process.
Notably, these issuers have been amending their filings since July, following the SEC’s introduction of its new listing standards.
Last month, at least seven asset managers, including Grayscale and Bitwise, amended their XRP ETF applications. The updates aim to improve product flexibility by permitting creation and redemption in XRP, cash, or in-kind.
At the time, Geraci and other crypto stakeholders claimed the issuers were responding to specific requests from the SEC.
Similarly, issuers seeking to launch spot Solana ETFs in the U.S. also amended their applications last month. As the review process advances, sources claim that the final wave of amendments could happen this week.
Countdown to Launch is On
Interestingly, Geraci noted that the countdown to the launch of XRP and Solana ETFs has begun, suggesting their rollout could be imminent.
Final wave of amendments could be filed by end of this week on various spot crypto ETFs incl xrp & sol…
“Those filings are pretty far along in the review process."
Countdown to launch is on.
via @Reuters pic.twitter.com/GBLExiqmCG
— Nate Geraci (@NateGeraci) September 24, 2025
In the meantime, speculation suggests that the SEC could approve the products for launch early next month. The timeframe coincides with the SEC’s final decision deadline for several spot XRP and Solana ETFs.
Specifically, the SEC has a final deadline of October 10 to decide on Grayscale’s request to convert its Solana Trust to a spot ETF.
The SEC is also expected to decide on multiple Solana ETF filings later in October, as well as several XRP ETF applications during the same period.
While each filing carries its own deadline, the agency could issue rulings on all the products simultaneously, similar to its approach with the Bitcoin and Ethereum ETFs.
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