Solana and XRP rally heralds a new era of crypto ETFs

With the upcoming launch of the REX-Osprey Spot XRP ETF and the potential approval of new exchange-traded funds for Solana and HBAR, investors are anticipating a new era of institutional legitimization.

The Solana, XRP, and Hedera Spot ETFs have yet to be approved by the Securities and Exchange Commission (SEC), but they are already shaking up the market. Their recent appearance on the SEC's website Depository Trust & Clearing Corporation (DTCC) has raised expectations, driving up prices and increasing optimism among institutional and retail investors. 

At this point, anticipation for these exchange-traded funds has become the main driver of the crypto rallyThe sharp rise in the prices of XRP, Solana, and Hedera appears to be driven more by hopes for the future launch of these financial products than by other fundamental factors.

Anticipation grows for Solana, XRP, and Hedera ETFs: Is the SEC ready to give the green light?

The incorporation of Solana (SOL), Ripple (XRP), and Hedera (HBAR) ETFs on the DTCC platform has made investors rethink their strategies. Although experts such as Nate Geraci, President of The ETF Store, and Eric Balchunas, Bloomberg Intelligence analyst, they coincide While this move is more of an administrative procedure, the market interprets this signal as a firm step toward the imminent approval of these financial products by the U.S. Securities and Exchange Commission (SEC).

Balchunas has supported Geraci's opinion, stating that the listing of these funds on the DTCC carries no regulatory weight, since without SEC approval, these ETFs cannot be launched or traded. Now, what's interesting and what's generating market buzz is that Very few ETFs make it to the DTCC and then fail to launch., said Balchunas. 

With concrete data, the Bloomberg analyst estimated in July that there is a 95% chance that Solana and XRP ETFs will get the green light, And a 90% for the Hedera ETF. Additionally, it should not be forgotten that the SEC has an October deadline to rule on the Solana and XRP applications, which adds a sense of urgency to the situation.

For the crypto world, the potential approval of this type of institutional product takes on special significance. The formal inclusion of these assets in regulated products allows for the influx of new capital and shifts public perception from considering these tokens as mere speculative assets to recognizing them as instruments accessible through traditional accounts and under regulatory oversight.

Prices on the rise: XRP, SOL and HBAR grow in the market

Solana has been a recent protagonist, with a daily jump of 6,3% that pushed its price above the $242, breaking a key technical barrier. Over the course of the week, its value climbed 20%, outperforming most altcoins and capturing the attention of investors.

After this rally, SOL's market capitalization surpassed BNB's, currently trading as the fifth most important cryptocurrency of the market, with a total valuation of $131.200 billion. Furthermore, SOL's trading volume exceeds $9.900 billion at the time of writing. 

For its part, XRP also shows an outstanding performance, reaching $ 3,15 dollars per unit and adding 13% growth in the last seven days. 

XRP's bullish momentum is cementing Ripple's cryptocurrency as the third most capitalized cryptocurrency of the market, behind only Bitcoin and Ethereum. Data consulted on the CoinGecko platform shows that XRP maintains a market capitalization of $188.600 billion, surpassing USDT by almost $20.000 billion in total market value. Furthermore, its trading volume reaches $6.000 billion, reflecting the activity of traders. 

This recent XRP rally is fueled by expectations surrounding the upcoming REX-Osprey ETF, which could attract increased demand for the cryptocurrency, especially from institutional investors who previously lacked regulated means of accessing the digital asset.

According to experts, the key aspect of all this is that the recent crypto rally is a response to a legitimization process that goes beyond speculative movements. ETFs don't seek to offer extraordinary immediate returns, but rather to open a more reliable and regulated avenue for large capital to enter the cryptocurrency market. 

Additionally, the backing of renowned asset managers such as Fidelity Investments and Canary Capital, which have filed ETF applications for XRP, SOL, and HBAR, provides an additional level of confidence. These actions are part of a conscious strategy by key players in the traditional financial sector.

Spot ETF: A structural change that is transforming digital finance

Beyond prices and approval probabilities, what's happening with the Solana, XRP, and HBAR ETFs represents a paradigm shift. For years, access to cryptocurrencies was limited to specialized platforms, with technical and regulatory barriers that kept many institutional investors away. ETFs, especially spot ETFs, eliminate much of that friction.

The road ahead still presents obstacles. Listing on the DTCC does not guarantee approval, as experts have suggested, and the SEC has yet to make the final decision. However, the strong market reaction to recent administrative signals reveals something deeper: a collective need for legitimization and integration of crypto assets into the traditional financial system.

If the XRP, Solana, and HBAR spot ETFs move in the same direction, we could be witnessing a structural transformation of the crypto market, with digital assets moving from marginal bets to a standard institutional portfolio.