News View Non-AMP

Crypto News: XRP, Solana, and Other ETFs Filed as Gary Gensler Exits the SEC

Published by
Anjali Belgaumkar

Today marks the final full day for gary gensler at the SEC, and as he exits, the ETF industry has been quick to respond with a wave of filings, including XRP and Solana Futures ETFs. Experts like Eric Balchunas from Bloomberg call it a major move, with the ETF industry making a strong statement as Gensler leaves the building.

Gensler wasn’t even out of the building for 5 minutes and the ETF industry unloaded a massive crypto filing frenzy. Half a dozen so far

Balchunas wrote.

Nate Geraci, president of The ETF Store, took to social media and shared a series of new ETF filings that have been made in the past 48 hours. These filings include the VanEck Onchain Economy ETF, the Canary Litecoin ETF (19b-4), the Oasis Capital Digital Asset Debt Strategy ETF, the CoinShares Digital Asset ETF, and the ProShares Leveraged & Inverse XRP ETFs. Additionally, ProShares has also filed for both XRP Futures and Solana Futures ETFs. 

A Shift in Leadership and the SEC’s Crypto Stance

The filing frenzy comes as a shift in leadership is underway. With Gensler stepping down and Paul Atkins likely to step in, the industry is poised for change. Among the most significant filings are those for the XRP and Solana Futures ETFs. This is crucial because the SEC has historically approved futures ETFs before allowing spot market ETFs for assets like Bitcoin and Ethereum. The filing of these futures ETFs signals the possibility of eventual approval for spot ETFs, setting the stage for major moves in the market.

Big Moves Ahead: A Bullish Outlook

With institutional investors pushing these filings forward, the stakes are high. These players, with their connections to Wall Street and Washington, have inside knowledge of regulatory changes and market trends, signaling that 2025 could be a game-changing year for crypto ETFs.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Could XRP Become a U.S. Strategic Reserve Asset?

The idea of the U.S. government holding XRP as part of a national reserve might…

April 22, 2025

Ripple News: XRP Futures Now Live on Coinbase, Is XRP ETF Next?

Coinbase Derivatives, LLC has launched CFTC-regulated futures contracts for XRP, adding to the growing list…

April 22, 2025

Big News: Pro-Crypto Paul Atkins Sworn In as SEC Chairman

In a huge development for the cryptocurrency industry, Paul Atkins has officially been sworn in…

April 22, 2025

Dogecoin Price Analysis: DOGE Faces Another Selloff as Altcoins Weakens Against Bitcoin

The wider crypto market may be attempting to follow the Gold price but the short-term…

April 22, 2025

Circle Payments Network Unveiled: Here is What You Need to Know

The Circle Payments Network will leverage regulated stablecoins led by USDC and EURC. The CPN…

April 22, 2025

Avalanche Card Unveiled: Will It Spark Bullish Momentum for AVAX?

The Avalanche ecosystem has grown significantly in the past year backed by institutional investors seeking…

April 22, 2025