Despite their differences, investors have been awaiting the launch of the XRP and Polkadot ETF (Exchange-Traded Fund), which has been delayed for months. The first spot ETF launch was of Bitcoin (BTC), followed by Ethereum (ETH), and now the wait is for the next crypto ETF launch. Interestingly, despite the constant SEC delays, the investors’ optimism is high. Let’s discuss which one would get approved first.
Solana ETF Delayed, XRP and Polkadot ETF Next in Line
The US Securities and Exchange Commission (SEC) has delayed its decision on Grayscale’s spot Solana ETF until late 2025. Before this, they had also delayed and pushed back their decision on the Litecon exchange-traded fund. Now, the next ones in line are the spot XRP and Polkadot ETF, which are potentially getting approval in June.
Crypto spot ETFs are the most bullish factors in the market. Bitcoin and Ethereum have witnessed a significant rally with the performance of their launched spot exchange-traded fund, and the same is anticipated for other approvals. As a result, the demand for other launches is higher.
XRP vs Polkadot ETF: Filing, Polymarket Odds & More
After the delays on Solana and Litecoin, the next dates are for the spot XRP and Polkadot exchange-traded fund. According to the SEC’s court filing, they will make a decision on the Grayscale Polkadot ETF by June 11 and 21 Share one’s on June 24.
In the same month, they will present the decision on Franklin Templeton’s spot XRP ETF on June 17. As both cryptocurrencies are among the top altcoins of the market, the hype is high. The Polymarket data show investors have 80% votes in favor of Ripple ETF approval by 2025 end and 41% odds by the end of July.
Although the odds are lower for the small duration, the long-term odds show confidence in this crypto. However, there’s no Polymarket market for the Polkadot ETF, which is showing less demand.
Interestingly, there are a few XRP ETF already out in the market, including Brazil ETF & more, so the confidence is higher in this one. The SEC vs. Ripple battle is almost near its end, but the uncertainty still remains.
On the other hand, the regulatory clarity is better on Polkadot, but the SEC filing mentioned reasons behind its delay, which reduced the odds. Experts reveal that the concerns of market manipulation, Polkadot’s smaller liquidity, and long-term stability doubts resulted in a delay. The same could impact the SEC’s decision in June.
SEC Delays @Polkadot ETF Decisions to June 2025
The U.S. Securities and Exchange Commission (SEC) has delayed its rulings on Polkadot (DOT) ETF applications from Grayscale and 21Shares, pushing deadlines to June 11, 2025, and June 24, 2025, respectively. This reflects the SEC’s… pic.twitter.com/2iriDAeA6L
— Maskid ✸ (@deft_gfx) May 15, 2025
Which Crypto ETF Would Get the SEC’s Approval First?
Officially, there are no comments from the SEC on any of the ETFs’ filings. As a result, it is not certain which would be the next exchange-traded fund to get approval.
However, considering the launch of the futures Ripple ETF, better clarity on the SEC vs Ripple, appointment of a new SEC Chair, and other factors increases the likelihood of spot XRP ETF approval first than the Polkadot one.
However, the decision could vary significantly, so investors must await further clarification.
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