SEC Confirms Review Acceleration for XRP, ADA, and SOL ETF Filings Amid Regulatory Softening

On October 12, 2025, at 08:00 UTC, the U.S. Securities and Exchange Commission (SEC) published an official update on the pending applications of the XRP, Cardano (ADA), and Solana (SOL) exchange-traded fund (ETF). The announcement by @CardanoFeed indicates that the agency chose to expedite the review process of numerous altcoin ETF filings, known to have been pending in the market months after the initial anticipation and discussion.

SEC Releases Major Update On XRP, ADA, SOL ETFs pic.twitter.com/iTBqUCMhUL

— Cardano Feed ($ADA) (@CardanoFeed) October 12, 2025

SEC Changing Position After Bitcoin

These new statements of SEC are subsequent to its approval of the Digital Large Cap (GDLC) ETF of Grayscale in July 2025, which contains BTC, ETH, XRP, SOL, ADA, and is the first regulated fund to hold more than one digital asset. According to the analysts at Bloomberg ETF Desk, this latest update by SEC will continue this precedent, stating that the market is mature and there exists adequate surveillance-sharing arrangements as some of the driving factors behind the move.

This is a great departure of the historically prudent stance of SEC. Currently, the integration of altcoins such as XRP, ADA and SOL indicate the increased trust of the regulator in the accessibility and liquidity of the secondary crypto markets.

Applicants of the ETF and Timelines

XRP ETFs: Grayscale, Hashdex, and 21Shares Applications are currently under review simultaneously. The legal clarity of Ripple, as it won half of the fights in court in the year 2023 and 2024, has reinforced the argument that XRP is not a security in the United States.

ADA ETFs: VanEck and Franklin Templeton submitted proposals on June 2025. The SEC observed a positive development but cautioned that there were delays in the review because of the financial limitations in terms of fiscal-year funding and an imminent government shutdown in late October.

SOL ETFs: Bitwise and Grayscale have Submitted Solana ETF plans. As of early 2025, its designation as a network that has actively integrated with CME-regulated derivatives and significant institutional volume through Coinbase Prime has made Solana gain greater approval despite network outages.

Institutional Response.

The markets responded favourably to the news, and XRP and ADA both rose by 3-4% in early trading, and SOL recovered by 2% on Binance Futures. It is the first review cycle of a multi-asset ETF since July 2025 by the SEC, which indicates that, in the nearest future, non-Bitcoin, non-Etherum digital assets will have equal representation in the capital market of the US. It is anticipated that in Q4 2025, new ETF submissions focusing on Polkadot (DOT) and Chainlink (LINK) will commence because of the updated version.

Industry analysts regard this as a structural breakthrough – one of digital asset conformity to conventional commodity regulation in Section 19(b)(1) of the Securities Exchange Act.

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