Wall Street just witnessed a major milestone as the first-ever spot ETFs for Solana (SOL), Litecoin (LTC), and Hedera (HBAR) officially launched. The launches mark a new phase for altcoin-based investment products, opening the door for institutional investors to gain direct exposure to some of crypto’s fastest-growing networks.
But during the celebration, one question dominated the conversations in the crypto community: where is the XRP ETF?
Why the XRP ETF hasn’t launched yet
Answer the question Paul Barron podcast, Zach Pandl, head of research at Grayscale Investments, explained the situation in plain terms. According to him, the main reason XRP’s ETF did not launch alongside the others was due to timing and regulatory progress before the recent US government shutdown.
“It’s a relatively simple answer,” Pandl said. “Issuers like Grayscale were a bit further along with regulators on Solana at the time of the government shutdown than on several of the other potential crypto ETF products. Once the government reopens, we expect to take swift action on the rest of these tokens.”
In other words, it wasn’t about preference or strategy, but about which files were furthest along when the U.S. Securities and Exchange Commission (SEC) halted operations during the federal shutdown. XRP’s ETF is still listed by Grayscale, but the timeline was simply disrupted by regulatory delays.
Grayscale confirms that XRP ETF is still a work in progress
Pandl also assured the XRP community that Grayscale plans to launch an XRP ETF, along with other digital assets, as soon as regulations allow. He said the company is committed to building a diverse range of crypto investment products, and does not favor one blockchain over another.
“We are proud to bring the Solana ETF to market, and we will be proud to bring other ETFs to market as well, including XRP,” Pandl said. The goal is to create balanced portfolios that reflect the growing utility of different blockchain networks.
What this means for XRP investors
While some XRP holders were disappointed that Solana, Litecoin, and Hedera hit Wall Street first, Grayscale’s statement confirms that an XRP ETF is still very much in play. Once the US government fully resumes operations and ETF ratings restart, XRP could be one of the next batch of crypto ETFs to launch.
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