XRP ETF vs. SOL ETF : Which Crypto Will Hit the Market First?

Blair Campbell, a well-known crypto marketing specialist, has ignited excitement in the XRP community by predicting that a U.S.-listed XRP ETF could launch within four to eight months. Campbell’s confidence stems from the latest developments with Grayscale Investments, which recently launched its Grayscale XRP Trust. She believes that after Bitcoin and Ethereum ETFs, XRP is next in line—beating out Solana in the race for ETF approval.

Who’s coming next, XRP or Solana ETF? Let’s find out!

Grayscale XRP Trust Boosts Optimism

Grayscale’s introduction of its XRP Trust has fueled speculation that an XRP ETF is on the horizon. Announced Thursday, the trust offers accredited investors the chance to gain exposure to XRP’s potential.

Rayhaneh Sharif-Askary, Grayscale’s Head of Product, highlighted XRP’s real-world applications, increasing confidence in its future. Analysts now predict that an XRP ETF could launch within 4 to 8 months. If successful, XRP’s price might surge to its all-time high of $3.40.

Investors are hopeful, as the newly built XRP Trust will open for daily subscriptions immediately after the announcement, providing accredited investors with an opportunity to tap into XRP. The product operates similarly to Grayscale’s other single-asset trusts and has excited the XRP community, often called the “XRP Army.” Many see it as a crucial step toward the much-anticipated ETF.

Solana Stumbles as XRP Gains Momentum

While XRP seems to be gaining ground, Solana’s journey toward an ETF has hit a major setback. In June, VanEck submitted the first-ever U.S.-based Solana ETF application. However, last month, the SEC discontinued the approval process over concerns about whether Solana should be classified as a security. Experts now believe Solana won’t see an ETF this year or next.

On the top, Campbell and other XRP supporters are optimistic that XRP could secure its ETF as soon as this year or by 2025, especially with Grayscale’s renewed interest. Grayscale had previously offered an XRP Trust but liquidated it in late 2020 due to legal challenges with the SEC. With the trust back in action, XRP’s ETF future looks brighter than ever. Moreover, Brad Garlinghouse CEO of Ripple is also confident in XRP’s future. 

How Grayscale’s XRP Trust will unlock XRP ETF?

Grayscale’s launch of the XRP Trust is just the first step towards an XRP ETF. The trust, currently in its Private Placement phase for accredited investors, is set to follow a four-stage lifecycle: Public Quotation, SEC Reporting, and finally, ETF Conversion.

This journey will bring XRP from its current trust form to a fully regulated ETF, potentially within 4-8 months. With the trust debuting after Ripple’s legal victory and growing institutional interest, the stage is set for XRP to join BTC and ETH in the ETF arena.

Also Check Out: Ripple (XRP) Price Climbs Despite Massive Whale Sell-Off: What’s Driving the Surge?

Do you think XRP ETF will hit the market while XRP is still struggling?