ProShares XRP ETF Review on June 25: What About Other Altcoin ETFs?

In a major update, ProShares XRP ETF filing has taken a new step forward. On June 11, 2025, the platform submitted a post-effective amendment with the U.S. Securities and Exchange Commission (SEC), setting a new ProShares XRP Exchange Traded Fund launch date for June 25, 2025. But let’s be clear — this is not an approval. It is a procedural update under Form N-1A, originally filed back on January 17, 2025. This filing helps keep the fund under active review by the SEC. JackTheRippler shared the details over X (formerly Twitter).

Source: X

While this may raise hopes, the truth is — we’re still waiting for full ETF SEC approval. This step shows that ProShares is staying compliant and transparent with SEC regulations. The move also mirrors what other firms are doing in the current environment of tight crypto rules.

According to Coingabbar’s reports, the XRP Exchange Traded Fund ProShares launch date is being closely watched. Franklin Templeton’s similar filing is expected to be decided on by June 17, 2025, while the SEC decision on the ProShares XRP product is expected by June 25. However, legal uncertainty around Ripple’s ongoing case still clouds the outcome. This news comes at a time when the altcoin price dipped over 2%, currently at $2.25, with a market cap of $132.57 billion and 24-hour trading volume of $3.14 billion.

Why This Filing Matters: But Isn’t a Green Signal Yet

The latest ETF date filing does not mean immediate approval or market launch. But it may signal readiness. Such filings often come before the launch of different types of Exchange Traded Fund s — be it spot-based, inverse, or futures products. For now, it’s a wait-and-watch situation for investors and analysts alike.

Alongside ProShares, the SEC has formally acknowledged XRP news filings from Bitwise, Canary Capital, CoinShares, 21Shares, and WisdomTree. These applications show that there is serious interest in making XRP-based investment products available for U.S. investors.

ETF analysts Eric Balchunas and James Seyffart from Bloomberg have pointed out that June could become a turning point for many spot crypto ETF decisions. They suggest a possible “Altcoin ETF Summer,” with several tokens — including Solana — in the approval pipeline.

What's Next for Other Spot Crypto ETFs?

Several spot crypto ETFs are pending SEC approval after the ProShares Exchange Traded Fund update. Bloomberg Intelligence has labeled such noteworthy filings as Grayscale and Bitwise basket/index ETFs, filed October 15, 2024, with a 90% chance of approval by the July 2, 2025 deadline. Grayscale and Canary Litecoin, filed January 16, 2025, have 90% chances of approval with a verdict due by October 2, 2025.

Source: X

Grayscale's Solana ETFs , VanEck's, and 21Shares' are pending approval with an October 10, 2025 deadline and share equally high prospects for pass. XRP ETFs from multiple firms have an 85% chance, with a decision due by October 17, 2025.

Dogecoin follows closely with an 80% probability and the same deadline. Cardano’s ETF, filed by Grayscale, faces a 75% chance with an October 23 decision date. SUI, offered on April 8 by Canary, has a lesser 60% chance of adoption because SEC comments are open-ended, and the cut-off date is January 3, 2026.

Conclusion

ProShares XRP ETF approved status hasn't arrived yet. But with the ProShares XRP Exchange Traded Fund listing date of June 25 on the books, the industry holds its breath. It portends increasing trust in regulated crypto products even when faced with legal and regulatory issues. Other tokens such as Solana, Dogecoin, and Cardano are pending, so this summer will be a waiting game season for crypto announcements.