Solana and XRP ETFs on the Horizon? ETF Expert Weighs In

The crypto industry is eagerly awaiting the launch of the spot Solana and #xrp ETFs after the U.S. Securities and Exchange Commission (SEC) successfully approved spot Bitcoin and Ethereum #ETF this year.

Recent tips and developments from the #Solana⁩ and $XRP communities have increased demand for exchange-traded funds from institutional investors. But despite some good fortune, there are still plenty of downsides, one ETF expert explains.

Nate Geraci, president of The ETF Store and co-founder of The ETF Institute, said that additional spot crypto ETF approvals like those for $SOL or XRP are unlikely.

“Given the current situation, there is no indication that Solana or an XRP ETF is on the cards in the next year or two,” Geraci wrote in a September 14 post by X.

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