The cryptocurrency market could be heading for a significant shift, as fresh filings from ProShares and Franklin Templeton suggest that the first-ever XRP exchange-traded fund (ETF) might be approved by the U.S. Securities and Exchange Commission (SEC) before the end of June 2025.

Recent updates submitted to the SEC show that both firms have made progress toward bringing XRP and Solana ETFs to market. If these filings are approved, XRP would join Bitcoin and Ethereum as one of the few cryptocurrencies with spot ETF exposure in the U.S., marking a major milestone for Ripple and the broader altcoin sector.

New Filing Sets June 25 as Pivotal Date

According to a filing submitted by ProShares on June 10, the company has requested the SEC to finalize its review and decision by June 25, 2025 for both its Solana and XRP ETFs. This move puts pressure on regulators to either give a green light or issue a formal rejection, rather than extending the review process again.

Meanwhile, Franklin Templeton’s ETF decision is expected slightly earlier, with a key deadline set for June 17. These dates are the culmination of filings that originally began on January 17, 2025, marking nearly six months of procedural review and revision.

If the SEC moves forward and approves either of these ETFs, it would be the first time a spot XRP ETF enters the U.S. market. This would offer institutional investors a regulated way to gain exposure to XRP, increasing liquidity and potentially opening the door for further price growth and adoption.

Why XRP’s ETF Prospects Look Strong

ETF analysts and prediction markets are increasingly optimistic. Bloomberg’s Eric Balchunas recently shared an update pointing to the possibility of an “Altcoin ETF Summer,” where major cryptocurrencies beyond Bitcoin and Ethereum could see their own ETFs approved.

Balchunas referred to insights from fellow Bloomberg analyst James Seyffart, who highlighted XRP and Solana as leading candidates for approval. These projections are not just hopeful—they’re backed by improving odds.

On the decentralized prediction platform Polymarket, the odds of an XRP ETF approval have surged to 87%, indicating strong investor belief that a green light is imminent. Such high confidence suggests that market participants are betting big on the regulatory environment becoming more favorable toward altcoin ETFs in the coming weeks.

SEC’s Cautious Stance Remains

Despite the growing excitement, the SEC has maintained a cautious tone when it comes to crypto-related financial products. Previous delays have been attributed to concerns around investor protection, market manipulation risks, and the overall maturity of the digital asset sector.

However, the latest filings from ProShares and Franklin Templeton show a concerted effort to address these issues. By updating their documentation and making compliance a priority, these firms appear to be aligning their offerings with the SEC’s expectations.

Industry watchers believe that after the successful approval of Bitcoin and Ethereum spot ETFs, the SEC may now be more comfortable extending access to other major digital assets like XRP and Solana—particularly if the filings present a strong case for consumer protection and market integrity.

Ripple’s Strategic Position Strengthens

If XRP receives ETF approval, it would mark a major win not only for Ripple but also for the broader crypto industry, which has long awaited regulatory clarity and easier access for traditional investors.

XRP has weathered significant regulatory scrutiny in recent years, including a long-running legal dispute with the SEC over whether it should be classified as a security. However, with recent court outcomes leaning in Ripple’s favor and growing institutional interest, XRP is regaining traction as a key altcoin with strong infrastructure backing.

ETF Wave Could Redefine Altcoin Investing

The potential for an XRP ETF goes beyond just one asset. It could signal a turning point in how altcoins are treated by traditional financial institutions. Analysts have dubbed this moment the start of a broader ETF expansion phase, where not just XRP, but other projects with solid fundamentals may gain ETF exposure.

This shift could unlock billions in institutional capital and offer more stability to a market that has traditionally been dominated by retail sentiment and speculative trading. With XRP’s Total Value Locked (TVL) improving and cross-border partnerships expanding, the altcoin appears well-positioned for this next stage of adoption.

Conclusion: All Eyes on the SEC This June

June is shaping up to be a defining month for Ripple and the XRP community. With ETF approval odds nearing 90% and key deadlines fast approaching, the next few weeks could determine whether XRP joins the exclusive club of SEC-approved crypto ETFs.

If the filings are successful, XRP would not only see a surge in legitimacy but could also pave the way for more altcoin ETFs to enter the market in 2025. For now, all attention remains on the SEC’s next move.