The next two weeks could be a defining moment for the crypto market. NovaDius Wealth President Nate Geraci reported that spot exchange-traded fund (ETF) approvals for XRP, Solana, and Litecoin are ready for clearance pending the full return of U.S. regulatory operations.
In a post on X, Geraci stated that “spot XRP, SOL, LTC, and other ETF filings [are] all lined up and ready for launch.” He compared the situation to a dam restraining a flood, implying that once the government shutdown ends, a surge of ETF approvals could be released almost all at once.
The temporary pause in federal operations has delayed several ETF reviews, including those under the Securities and Exchange Commission (SEC). Analysts believe that once administrative functions resume, the SEC could process multiple spot crypto filings in quick succession, mirroring the pattern seen before the approvals of Bitcoin and Ethereum ETFs earlier this year.
XRP Emerges as the Next Likely Candidate
Among the pending products, the XRP ETF stands out as the most expected one. Despite years of regulatory friction and its involvement in the SEC’s lawsuit against Ripple, XRP has gained renewed confidence after court victories. The rulings clarified that XRP’s secondary market sales are not securities, a crucial factor that aligns it with previously approved assets such as Bitcoin and Ethereum.
Market observers now think of XRP as the next logical step in the U.S. spot ETF evolution. With a 14-year track record and deep liquidity across global exchanges, it offers institutional investors a regulated path to exposure once approval is granted. Analysts also suggest that an XRP ETF could open the door for a broader class of altcoin ETFs under the same framework.
Hong Kong Leads with Solana Spot ETF Approval
While the U.S. awaits regulatory action, Hong Kong has taken the lead. The Securities and Futures Commission (SFC) has officially approved the first Solana spot ETF, issued by China Asset Management (Hong Kong), also known as ChinaAMC.
The product began trading on the Hong Kong Stock Exchange (HKEX) on October 27, 2025. The Solana ETF’s debut marks Asia’s growing role in institutional digital asset investment.
Litecoin ETF Decisions Tied to New U.S. Listing Standards
In parallel, Litecoin ETF proposals are progressing under the SEC’s revised generic listing standards. These updates have shortened the review period to 75 days, but final approval still depends on compliance with custody and surveillance requirements.
The Canary Capital Litecoin ETF, one of the leading proposals, has faced repeated delays due to regulatory backlogs caused by government shutdowns. However, most issuers remain positioned to launch shortly after receiving the green light. Market forecasts indicate potential debuts between late 2025 and early 2026.
The CoinRemark Team
Brenda Kanana
