Cryptocurrency investors are eagerly watching the latest developments around the potential ETF listings of XRP, SOL, and HBAR. As of today, September 12, 2025, these digital assets could be on the brink of a significant leap into mainstream financial markets. But what’s the likelihood that these cryptocurrencies will see their ETFs launched sooner rather than later?
The ETF Landscape: A Brief Overview
Exchange-Traded Funds (ETFs) have long been a bridge for traditional investors to access the world of cryptocurrencies without the need to directly hold the digital assets. ETFs offer a familiar structure, allowing investors to trade shares on stock exchanges, much like traditional stocks. Bitcoin and Ethereum have already paved the way with their ETFs, and now, other prominent cryptocurrencies like XRP, SOL, and HBAR are vying for their turn.
The potential introduction of these ETFs could not only validate these cryptocurrencies further but also open the doors to a broader audience of investors who have been hesitant to dive into the digital currency waters directly.
Regulatory Hurdles: The Roadblocks to Overcome
Before XRP, SOL, and HBAR can make their debut as ETFs, they must first navigate through a labyrinth of regulatory challenges. The Securities and Exchange Commission (SEC) plays a pivotal role in this process, and their approval is anything but guaranteed. The SEC has been known for its cautious stance on cryptocurrency ETFs, citing concerns around market manipulation, liquidity, and investor protection.
For XRP, the situation is particularly delicate. The cryptocurrency has been embroiled in a long-standing legal battle with the SEC over whether it should be classified as a security. This ongoing litigation adds another layer of complexity to the approval process for an XRP-based ETF, making it difficult to predict when, or if, approval will come.
On the other hand, SOL and HBAR, while not entangled in similar legal disputes, still face the usual regulatory scrutiny. The SEC’s rigorous evaluation process means that these cryptocurrencies must demonstrate a robust framework that mitigates risk and ensures investor safety.
The Market’s Appetite: Demand and Speculation
Despite regulatory hurdles, interest in cryptocurrency ETFs remains high. Investors are keen to diversify their portfolios, and the addition of XRP, SOL, and HBAR ETFs could provide new opportunities for growth. The anticipation surrounding these potential ETFs has fueled speculation and discussion within the cryptocurrency community and beyond.
Analysts suggest that the launch of these ETFs could drive significant market activity, potentially boosting the value of the underlying cryptocurrencies. This speculation is not unfounded; the launch of Bitcoin and Ethereum ETFs was met with considerable enthusiasm, leading to substantial increases in trading volumes and price appreciation.
Industry Voices: Support and Skepticism
The potential launch of XRP, SOL, and HBAR ETFs has drawn varied responses from industry experts. Some are optimistic, seeing it as a natural progression for the cryptocurrency market. They argue that ETF listings will provide much-needed legitimacy and could be a catalyst for wider adoption.
Others, however, remain skeptical. They point to the ongoing regulatory uncertainties and the volatile nature of cryptocurrencies as significant barriers. The road to ETF approval is fraught with challenges, and not everyone is convinced that these hurdles can be overcome in the near term.
What’s Next? The Future of Cryptocurrency ETFs
As the cryptocurrency landscape continues to evolve, so too does the potential for ETF listings. While it’s impossible to predict exact timelines, the industry’s momentum suggests that the launch of XRP, SOL, and HBAR ETFs isn’t merely a question of if, but when.
Investors and industry stakeholders alike are keeping a close eye on the SEC’s decisions, as these will undoubtedly shape the future of cryptocurrency ETFs. For now, patience is key, as the wheels of regulatory approval turn slowly but surely.
In the meantime, the cryptocurrency community continues to engage in vibrant discussions, speculating on the implications of these potential ETFs. Whether you’re an investor, a trader, or simply a curious observer, the developments surrounding XRP, SOL, and HBAR ETFs are certainly worth watching.
Conclusion: A Waiting Game
The journey towards the launch of XRP, SOL, and HBAR ETFs is a complex one, rife with challenges and opportunities. While regulatory approval remains a significant hurdle, the interest and demand for these ETFs are undeniable. As we stand on the cusp of a potential new era in cryptocurrency investment, the anticipation is palpable.
For now, the market waits with bated breath, hopeful that these cryptocurrencies will soon have their moment in the ETF spotlight. Whether this happens sooner or later depends on a myriad of factors, but one thing is certain: the world of cryptocurrency is constantly evolving, and new developments are always just around the corner.

Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.


