$XRP Vs $DOT ETF: Which Crypto ETF Will Get SEC Approval First?
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.
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.
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.
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.