The crypto world is buzzing! Blockworks founder Jason Yanowitz, fresh from a meeting with a top 5 bank, declares Solana (SOL) and XRP as the next big contenders for spot ETFs. With Bitcoin and Ethereum ETFs already dominating, could these altcoins be the next to skyrocket? Dive into the data and market sentiment driving this game-changing prediction as of June 12, 2025!

A Top 5 Bank’s Crypto Hierarchy Sparks Excitement

Jason Yanowitz, co-founder of Blockworks, dropped a bombshell after meeting with a top 5 bank: Solana (SOL) and XRP are among the elite “top four” crypto assets, alongside Bitcoin and Ethereum. According to Yanowitz, the bank views these four as the leading players in the crypto market, with all others lumped into “everything else.” This revelation, reported by The Crypto Basic, signals institutional confidence in SOL and XRP, fueling speculation that spot ETFs for these assets could be imminent. With Bitcoin and Ethereum ETFs already live, let’s explore why Solana and XRP are next in line.

Solana’s ETF Momentum: A Fast-Track to Approval?

Solana (SOL) is riding high, with its price surging 5% to $166.17 after news of ETF progress, per CoinDesk. The U.S. Securities and Exchange Commission (SEC) has asked issuers like Fidelity, Grayscale, and VanEck to amend their S-1 filings for Solana spot ETFs within a week, setting a potential approval timeline within months, according to Blockworks. Bloomberg analyst Eric Balchunas now gives Solana ETFs a 90% approval chance by October 10, 2025, up from 70% earlier this year.

Why Solana?

  • Market Strength: Solana ranks fifth by market cap, with high-speed, low-cost transactions making it a DeFi and memecoin powerhouse.

  • Institutional Backing: JPMorgan predicts $3–6 billion in net assets for Solana ETFs within six months, outpacing Ethereum’s ETF adoption rate.

  • Futures Pave the Way: The launch of Solana futures ETFs by Volatility Shares on March 20, 2025, legitimizes SOL’s status, per Cointelegraph.

Despite SEC lawsuits labeling SOL a security, a shift toward a crypto-friendly administration under Trump boosts approval odds, with Polymarket bettors giving Solana an 85% chance of ETF approval in 2025.

XRP’s ETF Prospects: Regulatory Clarity in Sight

XRP, ranked third among non-stablecoin assets, is also gaining ETF traction. Yanowitz predicts XRP ETFs could follow Solana’s, with a decision deadline set for October 17, 2025, per Bloomberg data. The SEC’s recent acknowledgment of XRP ETF filings from Grayscale, Bitwise, and Franklin Templeton, combined with the end of its Ripple lawsuit, clears a major hurdle.

Why XRP?

  • Liquidity Leader: XRP’s high liquidity makes it a prime ETF candidate, with posts on X noting its edge over Solana.

  • Institutional Support: Franklin Templeton’s $1.5 trillion AUM and BlackRock’s rumored plans signal big bets on XRP, per Blockworks and Tron Weekly.

  • Utility Focus: XRP’s role as a bridge currency for global payments, as emphasized by XRP advocate Xena, underscores its stability and institutional appeal.

Bloomberg’s James Seyffart notes that XRP’s lack of CME-regulated futures could delay approval, but a new SEC chair and pro-crypto policies may accelerate the process.

Market Impact: Billions in New Investment?

The potential for Solana and XRP ETFs is massive. JPMorgan estimates Solana ETFs could attract $3–6 billion and XRP ETFs $4–8 billion in net assets within six months, dwarfing Ethereum’s ETF inflows. This influx could propel SOL and XRP to new highs, with analysts like Alejo Pinto predicting a significant price boost for Solana if approved, as the market hasn’t fully priced in this catalyst.

X posts reflect the hype, with Blockworks_

reporting SEC progress on Solana ETFs and Brett_Crypto_X

noting XRP’s liquidity advantage. However, Bloomberg’s Seyffart cautions that Litecoin ETFs, with a 90% approval chance by October 2, 2025, might beat both to market due to established futures.

Challenges and Risks

Despite the optimism, hurdles remain. Solana’s SEC classification as a security in lawsuits against Coinbase and Binance could complicate approvals, though a reduced enforcement focus under new leadership may help. XRP faces delays until CME lists its futures, per TD Securities. Volatility and regulatory uncertainty could also temper investor enthusiasm, as JPMorgan notes altcoin demand is less predictable than Bitcoin’s.

Conclusion: A New Era for Crypto ETFs?

As of June 11, 2025, Jason Yanowitz’s revelation after meeting a top 5 bank has ignited excitement for Solana and XRP spot ETFs. With Solana’s 90% approval odds and XRP’s 85% chance by October, per Bloomberg, institutional interest is surging. Backed by billions in projected inflows and a pro-crypto regulatory shift, SOL and XRP could redefine the altcoin market. Will they join Bitcoin and Ethereum in the ETF spotlight? Watch the SEC’s next moves, this could be a historic moment for crypto!

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.