Bitwise, VanEck Advance XRP and Solana ETF Launches
WASHINGTON — Asset managers Bitwise Investments and VanEck took key steps Friday toward rolling out spot exchange-traded funds tied to XRP and staked Solana, filing amended registration statements with the Securities and Exchange Commission amid an ongoing federal government shutdown.
The moves, disclosed late Oct. 31, 2025, signal accelerating momentum for altcoin ETFs following the blockbuster debuts of bitcoin and ethereum funds earlier this year. Bloomberg ETF analyst James Seyffart highlighted the filings on X, noting they position the products for potential November launches pending regulatory green lights.
These latest amendments cap a flurry of activity over the past week, underscoring Wall Street’s push into digital assets beyond the biggest names.
Fresh Filings Join Growing Queue for Crypto Exposure
Bitwise’s S-1/A update targets a spot XRP ETF, building on its initial application earlier this year. VanEck, meanwhile, refined its prospectus for a Jito Staked SOL ETF, which would offer investors yield-bearing exposure to the Solana blockchain‘s proof-of-stake mechanism.
Seyffart, a verified Bloomberg Intelligence contributor, pointed out that the duo joins recent efforts by Fidelity Investments and Canary Capital. Fidelity amended its Solana spot ETF filing earlier in the week, while Canary advanced both a Solana and an XRP product.
The SEC now has more than 20 XRP-related applications and 23 for Solana under review, according to regulatory trackers cited by Seyffart. This surge echoes the rapid approvals for spot bitcoin ETFs in January and ethereum funds in July, which drew billions in inflows and legitimized crypto for mainstream portfolios.
Shutdown Doesn’t Slow SEC’s Crypto Docket
The filings landed against a backdrop of federal dysfunction, with the U.S. government shutdown stretching into its 31st day as of Oct. 31. Congress failed to pass a funding bill by the Oct. 1 deadline, halting non-essential operations across agencies — yet the SEC continued processing ETF paperwork.
A White House shutdown tracker confirmed the lapse’s persistence, with impacts rippling to programs like food stamps but sparing core financial regulators. Analysts like Seyffart described the timing as a “regulatory crack,” allowing issuers to advance without typical bureaucratic delays.
In a Reuters report from late September, sources familiar with SEC processes noted a streamlined review timeline for crypto products, now capped at 75 days versus up to nine months previously. That efficiency has fueled optimism for altcoin approvals.
Analysts Eye Billion-Dollar Inflows by Year-End
Market watchers project strong demand if these ETFs clear hurdles. Seyffart forecasted initial XRP ETF inflows topping $1 billion within months of launch, drawing parallels to ethereum’s $10 billion debut haul.
Broader context from Bloomberg Intelligence suggests approval odds above 70% for Solana and XRP funds by late 2025, buoyed by resolved legal clarity around Ripple‘s XRP token and Solana’s maturing infrastructure. “This could reshape how institutions access these ecosystems,” Seyffart wrote in his X post.
For investors eyeing diversified crypto plays, resources like the SEC’s EDGAR database offer direct access to the amended filings.
As the shutdown drags on and election-year politics intensify, these ETF pursuits highlight crypto’s decoupling from traditional fiscal gridlock. If approved, they could unlock fresh capital streams, positioning XRP and Solana as gateways to blockchain innovation for everyday traders and funds alike.
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