{"id":44713,"date":"2025-08-29T09:01:32","date_gmt":"2025-08-29T09:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=44713"},"modified":"2025-08-29T09:01:32","modified_gmt":"2025-08-29T09:01:32","slug":"xrp-sol-or-dogecoin-galaxy-research-picks-etf-fast-track-favorite","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=44713","title":{"rendered":"XRP, SOL Or Dogecoin? Galaxy Research Picks ETF Fast-Track Favorite"},"content":{"rendered":"
\n

Galaxy Research has mapped out a concrete \u201cexpress lane\u201d for US crypto ETFs beyond Bitcoin and Ethereum\u2014and, on its scorecard, XRP holds the cleanest path along Solana if the Securities and Exchange Commission adopts the newly proposed fast-track framework.<\/p>\n

XRP, SOL Or DOGE: Who Leads The ETF Fast-Track?<\/h2>\n

The analysis<\/a> hinges on a trio of listing tests advanced by Cboe BZX, Nasdaq and NYSE Arca in coordinated 19b-4 filings on July 30, which aim to replace today\u2019s case-by-case approvals with standardized eligibility. Public comment periods closed on August 25; the initial SEC decision date is September 13, with a maximum outside date of March 27, 2026. \u201cThis\u2026 would substantially alleviate a major burden for an agency facing an overwhelming and ever-growing number of crypto ETP applications,\u201d Galaxy writes, adding that it expects a decision \u201csooner than the latest possible deadline.\u201d<\/p>\n

The proposed fast-track<\/a> hinges on three objective conditions, any one of which would qualify a token\u2019s ETF for expedited review: trading on a market that\u2019s an Intermarket Surveillance Group (ISG) member; underpinning a futures contract that has traded on a designated contract market (DCM) for at least six months with surveillance-sharing; or, on an initial basis, having \u201can exchange-traded fund designed to provide economic exposure of no less than 40% of its net asset value\u201d to the underlying asset listed on a national securities exchange. Galaxy underscores that the first prong (ISG for spot) currently captures only BTC and ETH, so near-term candidates will be sorted mainly by the regulated-futures and \u226540%-ETF-exposure prongs.<\/p>\n

On that framework, Solana and Dogecoin already clear Condition 2 today, Galaxy says, because each has been listed for more than six months on Coinbase Derivatives<\/a>\u2014a CFTC-regulated DCM with surveillance agreements\u2014while XRP \u201cwill\u2026 reach [its] six-month seasoning\u201d in October.<\/p>\n

In Galaxy\u2019s words: \u201cIn total, 10 tokens meet the criteria for expedited listing: DOGE, BCH, LTC, LINK, XLM, AVAX, SHIB, DOT, SOL, and HBAR. Additionally, ADA and XRP will soon qualify because they will have been trading on a designated contract market (DCM) for six months after their initial listing date.\u201d That timing distinction, by itself, places SOL and DOGE a step ahead of XRP on the futures-seasoning test.<\/p>\n

Crucially, Galaxy also argues that Solana and XRP may satisfy the third prong as well: \u201cXRP and SOL may also qualify because they both have exchange-traded funds listed on a national exchange that provide \u2018no less than 40% of their NAV\u2019 to the underlying token. These are technically futures ETFs that track XRP and SOL contracts.\u201d If the SEC accepts that interpretation, Solana would qualify under two independent routes (regulated-futures seasoning plus \u226540% ETF exposure), while Dogecoin would rely on the futures route alone and XRP would unlock both routes once its six-month DCM window matures. That dual-qualifier status is the core of Galaxy\u2019s implicit pecking order.<\/p>\n

Issuers\u2019 positioning reinforces the triage. In late June, Invesco and Galaxy formally entered the US race for a spot Solana ETF, giving SOL a well-resourced sponsor complex already embedded in the crypto ETP ecosystem. Meanwhile, Bloomberg\u2019s ETF research desk has framed SOL, XRP and several others as high-probability approvals by end-2025 if a standardized regime is blessed. None of that guarantees sequencing, but it highlights that Solana pairs regulatory-criteria readiness with live filings from blue-chip issuers\u2014an advantage that Dogecoin shares only in part and XRP will match once its DCM seasoning completes.<\/p>\n

Solana Has A Narrow Lead<\/h2>\n

Galaxy\u2019s bottom line is not a horse-race call so much as a rules-based shortlist. The firm notes that nine of the tokens that already qualify\u2014or will imminently qualify\u2014also have pending ETF applications<\/a>, explicitly naming Dogecoin, Litecoin, Chainlink, Avalanche, Polkadot, Solana, Hedera, XRP and Cardano as \u201cmore likely to see ETF launches\u201d if the rule is adopted.<\/p>\n

But between XRP, SOL and DOGE, the only asset that checks the six-month regulated-futures box today and plausibly the \u226540%-ETF-exposure box as well is Solana, making it the \u201cfast-track favorite\u201d under Galaxy\u2019s framework. As the research cautions, final outcomes still depend on how the SEC interprets the \u226540% test and whether it accepts the exchanges\u2019 plan to bolt on additional quantitative guardrails such as minimum US trading volume and market-cap thresholds.<\/p>\n

If the SEC moves quickly this autumn, the market could see the first non-BTC\/ETH spot approvals as early as Q4, with sequencing likely to mirror today\u2019s eligibility math. On Galaxy\u2019s worksheet, that keeps Solana in pole position, Dogecoin close behind on the futures-seasoning lane, and XRP set to join the front row once its October clock ticks past six months.<\/p>\n

At press time, XRP traded at $2.91.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Galaxy Research has mapped out a concrete \u201cexpress lane\u201d for US crypto ETFs beyond Bitcoin and Ethereum\u2014and, on its scorecard, XRP holds the cleanest path along Solana if the Securities and Exchange Commission adopts the newly proposed fast-track framework. XRP, SOL Or DOGE: Who Leads The ETF Fast-Track? The analysis hinges on a trio of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-44713","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44713"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44713\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}