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News and Updates Editorial team Coin-Report · As of

SEC Instructs Withdrawal of Crypto ETF Applications for XRP, Solana, Cardano

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XRP, Solana, Cardano: ETF Applications to be Withdrawn

The U.S. Securities and Exchange Commission (SEC) has reportedly instructed issuers of several planned crypto ETFs to withdraw their submitted 19b-4 applications. This affects products based on Litecoin, XRP, Solana, Cardano, and Dogecoin. The request is linked to the approval of general listing standards that will render these individual applications unnecessary. According to journalist Eleanor Terrett, the withdrawals could begin as early as this week.

The 19b-4 applications were previously the central procedure for the approval of new exchange-traded products. With the generic listing standards decided on September 17, the SEC has streamlined the process, allowing certain crypto ETFs to be listed without the individual 19b-4 procedure. This change is expected to reduce the approval time to about 75 days. Originally, it was anticipated that the SEC would decide on most altcoin ETF applications by October 2025, but the impact of the new listing standards on this timeline remains unclear.

“The SEC's new approach could lead to quicker approvals, provided the applications meet the new criteria.”

Key Takeaways: The SEC's directive to withdraw ETF applications for several cryptocurrencies may streamline the approval process, potentially leading to faster listings in the future.

XRP: Underestimated Potential and Upcoming ETF Approvals

XRP has recently experienced a significant correction, falling below the $3.00 mark. However, some experts believe that the cryptocurrency may be massively underestimated, which could be a major driver for Ripple. The upcoming ETF approvals in the U.S. are expected in October, following months of deliberation. Nate Geraci, head of The ETF Store, suggests that the demand for spot XRP and SOL ETFs is being underestimated, drawing parallels to the initial skepticism surrounding Bitcoin and Ethereum ETFs, which ultimately led to significant inflows and price surges.

Currently, several hundred million U.S. dollars have flowed into XRP-related funds that were recently made available for trading. J.P. Morgan has predicted that these vehicles could raise between $4 billion and $8 billion in their first year, while insiders from Crypto.com foresee inflows exceeding $8 billion. Additionally, chart analyst Ali Martinez pointed to a TD Sequential buy signal, a technical indicator that does not guarantee higher prices.

“XRP shows a strong buy signal according to the TD Sequential indicator.”

Key Takeaways: XRP's potential may be underestimated, with upcoming ETF approvals possibly leading to significant price movements and increased investor interest.

XRP's Market Dynamics and Future Outlook

XRP has shown resilience, recently trading at $2.86, marking a 3.1% increase within 24 hours. Despite a traditionally challenging October for XRP, historical data suggests a potential average performance increase of 51% in the fourth quarter. Analysts are optimistic about XRP's future, with a bullish sentiment of 88% among investors, indicating strong potential for price increases.

Market observers are particularly focused on the SEC's upcoming decisions regarding XRP ETFs, which could significantly impact the cryptocurrency's market dynamics. The SEC is expected to decide on six key applications between October 18 and 25, 2025. Analysts believe that if XRP can maintain support above $2.75, it could pave the way for a bullish momentum and renewed investor interest.

“If XRP holds above $2.75, it could trigger the next phase of a rally.”

Key Takeaways: XRP's market outlook remains positive, with potential for significant price movements depending on upcoming SEC decisions and market support levels.

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