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Home Blockchain

XRP ETF Approval Almost Certain; Could Solaxy help Solana Compete?

by DigestWire member
June 4, 2025
in Blockchain, Crypto Market, Cryptocurrency
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According to 93% of Polymarket bettors, SEC approval of XRP ETFs is guaranteed, in a rumor that has Solana under pressure to keep up. A new crypto presale that’s nearing its end, Solaxy, may have the answer.

Why Are the XRP ETF Odds Up, and What Could XRP ETF Approval Mean for Ripple?

After ETF odds sat at around 83% in April, Polymarket noticed that market sentiment took a steep turn upwards starting early May. 

Ripple ETF approval odds on Polymarket

This came after a series of advantageous regulatory and technological shifts that contributed to a more optimistic outlook in crypto markets in 2025.

Ripple CEO, Brad Garlinghouse discussed why people are excited about crypto ETFs during his ‘Crypto in One Minute’ podcast:

‘I think there’s 2 reasons… One is that, for the longest time, institutional investors couldn’t access crypto directly. They could either self-custody or on-board with an exchange. But now, they can go on Wall Street and trade directly in crypto.
The second one is that [ETFs] institutionalize the whole industry of crypto. The Bitcoin ETF … was the fastest to get to a billion dollars in assets and the fastest to get to $10B.’

—Brad Garlinghouse, Crypto in One Minute

Another reason for high confidence in XRP’s chances is the staggering number of ETF applications currently with the SEC.

Crypto analyst Eric Balchunas revealed no less than 72 ETF applications in a Bloomberg report, stating they include:

‘Everything from $XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year.’

—Eric Balchunas, X post, based on Bloomberg Report, April 21, 2025

The list of 72 ETF applications with the SEC.

It also helps that Ripple Labs is now in good standing with the SEC, following its case dismissal two months ago, announced on X shortly thereafter by Brad Garlinghouse.

So, what could this new context mean for the world’s fourth-largest crypto, $XRP?

The common consensus is that the approval of the $XRP ETFs will impact $XRP’s market value considerably going forward, especially when we consider recent developments like:

  • Flare Networks announcing new XRP DeFi-focused ETF
  • Crypto.com listing its own XRP ETF in December
  • Ripple announcing that the Dubai Financial Services Authority approved its new stablecoin RLUSD for use in the Dubai International Financial Center (DIFC)

How much $XRP will benefit in the long run is anyone’s guess, but some analysts see the token climbing as high as $20 and above.

If that happens, other top cryptos like Solana (the world’s #6 crypto in market cap) will be racing to compete, which is where a project like Solaxy ($SOLX), still in presale, could be just the ticket.

Solaxy ($SOLX) – Layer 2 Upgrade for Solana, Promising Higher Speeds and Lower Fees

Solaxy ($SOLX) is the Layer 2 upgrade that aims to make Solana more competitive by solving its core problems: subpar speeds, high fees, and network congestion.

Solaxy’s off-chain execution and parallel processing promise to stabilize the ecosystem to optimize transaction speed and allow for infinite scalability.

Solaxy presale website

The project’s update cycle has implemented several features designed to push those goals, like the Testnet Bridge and the Igniter launchpad.

$SOLX has earned a status as one of the best presales of 2025, after accumulating over $43M since its start, but it ends in a little over 12 days.

This means the window to purchase $SOLX at the presale price of $0.001744 is closing fast. According to our analysts, this could prove to be a massive missed opportunity.

Based on the project’s utility and scope, our $SOLX price predictions see the token reaching a price point of $0.032 by the end of 2025. This would bring you an ROI of 1734% if you invest at the current price.

With broader adoption and technical expansion, the token could easily go to $0.2 by the end of 2026, for an ROI of 11,367%. This would turn a $100 investment into $11,467 in little over a year.

These projections are approximations based on Solaxy’s stated utility. With optimal implementation and broad adoption, $SOLX could reach heights that may now seem impossible. No FOMO, of course.

If you’re interested in joining the presale before it ends, buy your $SOLX tokens today, before the project goes public.

XRP ETF Approval Imminent, the Crypto Bull is Chomping at the Bit

The anticipated approval of $XRP ETFs is sending ripples (pun definitely intended) throughout the crypto market, with an order-of-magnitude effect expected following the SEC’s favorable decision.

Investor confidence levels look good for XRP as much as for Solaxy ($SOLX), the answer to Solana’s Achilles’ heel. With 12 days left to the end of the presale, the time to get in at a discount is now.

Don’t take this as financial advice. DYOR (Do Your Own Research) and only invest what you afford to lose.

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