The post Crypto ETF Showdown: Will XRP or Solana Win the Race? appeared on BitcoinEthereumNews.com.

The battle for the next cryptocurrency exchange-traded fund (ETF) approval is heating up, with XRP and Solana emerging as the frontrunners. Both digital assets have attracted significant institutional interest, and recent regulatory developments suggest that ETF approval for either could be on the horizon. However, their paths to approval remain distinct, with legal and market factors shaping the race. Regulatory Landscape and Market Sentiment XRP and Solana have each taken significant steps toward ETF approval. On February 6, the SEC officially acknowledged Grayscale’s proposal to convert its Solana Trust into an ETF and opened the doors to an October decision. On the same day, four fund managers filed applications to introduce an XRP ETF amid emerging interest in regulation-friendly investment products related to the assets. Polymarket bettors giving Solana an 85% chance of ETF approval in 2025. Source: Polymarket Market sentiment leans slightly in favor of Solana, with Polymarket bettors assigning it an 85% chance of ETF approval in 2025, compared to XRP’s 80%. However, shorter-term expectations tell a different story. Polymarket indicates an 81% likelihood of Ripple securing ETF approval in 2025. Source: Polymarket For ETF approvals by July 31, traders have given XRP a 40% probability versus Solana’s 36%. These fluctuating expectations highlight the uncertainty surrounding the SEC’s stance on both assets. Solana’s Strengths and Challenges Solana has become one of the most active blockchain networks, especially in DeFi and the meme coin ecosystem. Its network has held strong over the last year, avoiding any major outages while processing billions in trading volume. These elements help make its case for an ETF, underlining real-world applications and institutional-grade stability. BlackRock Chairman and CEO Larry Fink expects a Solana ETF approval in February. Source: MartyParty via X Despite its network strengths, Solana has one important regulatory hurdle—the classification of the…

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Filed under: News - @ February 10, 2025 12:15 am