News View Non-AMP

Gensler’s Exit Opens Door for XRP, Solana ETFs, But Litecoin May Lead the Way

Published by
Anjali Belgaumkar

After the departure of former SEC Chair gary gensler the potential approval of more spot crypto ETFs (exchange-traded funds) has become a hot topic in the industry. Recently, several altcoins, including XRP, Solana, and Litecoin, have seen filings for spot ETFs. However, the real question remains: will the SEC approve these products soon?

According to Nate Geraci, President of The ETF Store, the approval of such ETFs depends largely on regulatory clarity. In an interview with Thinking Crypto, he said that currently, the prevailing narrative suggests that Litecoin may be in a better position to receive approval, as it’s seen as similar to Bitcoin. Bitcoin is categorized as a non-security commodity, and there are no major legal challenges involving Litecoin at this moment, making it an attractive option for approval.

Will XRP ETFs Debut Soon?

However, the situation is different for XRP, as it is embroiled in ongoing legal issues. This adds a layer of complexity to the potential approval for spot ETFs. Despite these challenges, Geraci believes that all options are still on the table. The key factor will be how quickly the SEC can resolve questions about which cryptocurrencies are classified as securities versus commodities.

  • Also Read :

Timeline Remains Uncertain

With the recent transition in SEC leadership, under new Chairman Paul Atkins, it remains to be seen what his priorities will be. Geraci remains optimistic but notes that crypto will likely be a key focus, though the timeline is uncertain.

For spot crypto ETFs to be approved, there is no specific requirement for the underlying asset to have an existing futures market, despite Bitcoin and Ethereum taking that route. The crucial element is a “surveillance sharing agreement” with a regulated market of significant size. This agreement ensures that market activities can be monitored effectively. 

In summary, while it’s not guaranteed, Geraci believes that additional spot crypto ETFs—including those for XRP, Solana, and Litecoin—are likely in the future.

FAQs

Will the SEC approve spot crypto ETFs soon?

The approval of spot crypto ETFs depends on regulatory clarity, with Litecoin likely in a stronger position due to fewer legal challenges.

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

$600 in Ozak AI Could 100x by Listing Day—Why Everyone Is Rushing In

Crypto investors are flooding into Ozak AI’s presale—and for good reason. With a current price…

July 26, 2025

El Salvador’s Bitcoin Strategy Faces Doubts Amid IMF Pressure and Mixed Signals

El Salvador’s Bitcoin journey is facing fresh doubts. The government says it’s still buying BTC…

July 26, 2025

Dogecoin Price Eyes Parabolic Rally as Double Bottom Pattern Emerges

The Dogecoin price is once again at the center of crypto market attention. After a…

July 26, 2025

XRP Price News: Top Analyst Predicts Massive Rally For XRP Toward $9–$24

XRP has bounced back from the $3 support level and is now trading around $3.20.…

July 26, 2025

Japan’s Slow Crypto Approval Process Holds Back Innovation, Says WeFi CEO

Maksym Sakharov, CEO of decentralized bank WeFi, says Japan’s slow and cautious regulatory process is…

July 26, 2025

Did Galaxy Digital Just Sell Stolen Bitcoin? CryptoQuant CEO Raises Big Questions

A quiet $9 billion Bitcoin sale has now turned into a major controversy and it…

July 26, 2025