The crypto investors are looking for Solana and XRP spot ETF approvals, as they witness the impact that Bitcoin and Ethereum exchange-traded funds have on the digital assets’ prices. Not only can this provide the much-needed regulatory clarity, especially for the Ripple token, but it could boost its price. Now, as both the ETFs await the SEC’s approval, let’s discuss which one is better and why.
Solana ETF vs XRP ETF, Listing, Approval & Other News Updates
With the approval of the Bitcoin and Ethereum spot ETFs in 2024, investors have been awaiting the approval of the other altcoin spot ETFs. Based on the demand, the Solana and XRP exchange-traded funds are next in line. Interestingly, Canada recently became the first jurisdiction to launch multiple spot Solana ETF.
However, despite that, the U.S. is lagging in approval, as U.S. firms like Grayscale, Bitwise, and VanEck await the SEC’s approval. The same is true for the XRP exchange-traded fund, which has higher filings than SOL. Interestingly, May 22 is an important date for this Ripple token’s ETF, as the SEC might respond to Grayscale’s application.
Experts like Kaiko’s research claim that XRP is leading the U.S. Spot Altcoin ETF race and may get approved next. The prime reason behind this is the high liquidity of this digital asset on the U.S. exchanges.
Which is Better Between Solana ETF and XRP ETF?
Although both ETFs are far from approval at the time of writing, crypto experts believe their assets’ demand and performance could help in concluding which one is better. The XRP ETF approval odds in 2025 on Polymarket have reached 77%, but the same for SOL has reached 88%.
These odds have surged significantly since Teucrium launched the XRP ETF and Canada launched the Solana ETF. Moreover, Paul Atkins’s taking over the SEC also influences investors’ sentiments.
A better exchange-traded fund depends on the investor’s needs, as XRP already dominates in terms of liquidity and has less slippage. It has previously flipped Solana, and further clarity on the Ripple vs SEC case could make that happen again.
With that, the XRP spot Exchange Traded Fund seems a better option, but the approval, investors’ acceptance, and other factors could bring different results.
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