The third week of June 2025 reaffirmed crypto’s momentum across institutional finance and regulatory spheres. ETF amendments, product launches, and legislative shifts shaped a dynamic market landscape. Crypto native infrastructure is blending deeper into traditional finance, and the ETF space is accelerating.

‍

1. Crypto ETF Momentum Builds: Solana, XRP, and Institutional Expansion

A surge of ETF related developments defined the week:

Solana ETF Filings Updated: VanEck, Fidelity, 21Shares, Franklin Templeton, Grayscale, Bitwise, and Canary submitted amended S-1s for their spot Solana ETFs, most incorporating staking mechanisms. Grayscale disclosed a 2.5% fee. Invesco Galaxy registered a new Solana ETF in Delaware. VanEck Solana ETF Listed on DTCC, indicating back-end readiness for trading.

‍

Spot XRP ETF Launched on TSX: The world’s first spot XRP ETF debuted on the Toronto Stock Exchange, marking a major milestone for altcoin based ETPs.

‍

SEC Delays: Decisions were postponed on Franklin’s ETH (staking), XRP, and SOL ETFs. Coinbase formally sought SEC approval to offer blockchain based tokenized stocks, aiming to establish a regulated marketplace for security tokens.

‍

Impact: This week’s coordinated filings and product launches underscore growing institutional conviction in the next generation of crypto ETFs. Solana’s inclusion of staking represents a significant product evolution, and XRP’s entry into public markets opens the door for more altcoin ETFs. Regulatory delays remain a hurdle, but issuer persistence signals long term belief in U.S. market readiness.

‍

2. SEC Acknowledges Truth Social Spot Bitcoin ETF Filing

The SEC officially acknowledged the S-1 for a Bitcoin ETF backed by Truth Social. While controversial, the move reflects the broader mainstreaming of digital asset exposure by politically affiliated platforms.

‍

Impact: Bitcoin continues to draw attention from outside traditional financial circles. This filing may influence new demographic participation and prompt fresh legal and market discussions about ETF inclusion standards.

‍

3. Coinbase Seeks SEC Greenlight for On-Chain Tokenized Stocks

Coinbase submitted a proposal to the SEC to offer tokenized versions of public company stocks via blockchain. The tokenized securities would comply with U.S. regulations and be fully backed by real-world equity holdings.

‍

Impact: If approved, this could redefine equity trading infrastructure. Coinbase may bridge crypto-native protocols with traditional capital markets, reshaping how both institutional and retail investors interact with equities.

‍

4. Justin Sun Eyes U.S. IPO for TRON

TRON’s Justin Sun revealed plans to take the project public in the U.S. Though no official filings have been made, the announcement sparked debate about regulatory viability for offshore projects entering U.S. markets.

‍

Impact: A TRON IPO would test regulatory appetite for international crypto firms. It may also signal a broader trend of protocol level entities pursuing U.S. capital markets access to gain legitimacy and liquidity.

‍

5. France Proposes Bitcoin Mining with Surplus Nuclear Energy

French lawmakers introduced legislation to integrate Bitcoin mining into the national grid, powered by surplus nuclear energy. The proposal is framed as both an energy efficiency measure and an economic innovation strategy.

‍

Impact: France is positioning itself as a green-mining leader in Europe. If successful, this model could influence broader adoption of sustainable mining practices and encourage national governments to reconsider crypto infrastructure strategies.

‍

6. JPMorgan Files “JPMD” Trademark for Crypto Services

JPMorgan filed a trademark for "JPMD," describing a suite of crypto and digital asset services. The move has triggered speculation that the firm is preparing to launch a stablecoin or expand its blockchain offerings.

‍

Impact: JPMorgan’s continued push into crypto underscores how far traditional banks have come since the early skepticism. The firm's infrastructure scale involvement adds credibility and competition to the stablecoin and custody sectors.

‍

7. U.S. Lawmakers Approve “Genius Act” to Support Fintech Innovation

The Genius Act passed through Congress, introducing regulatory sandboxes for fintech and blockchain startups. The bill aims to fast track innovation while maintaining consumer protections and oversight.

‍

Impact: This act could rejuvenate U.S.-based crypto innovation by offering clarity and safe testing zones for new products. It may help reverse the talent and capital flight toward more progressive jurisdictions.

‍

Closing Outlook

Week 25 illustrated a key inflection point in crypto’s institutional arc. The ETF landscape is diversifying rapidly, moving beyond Bitcoin and Ethereum to include staking based Solana products and live XRP vehicles. Major financial players like Coinbase and JPMorgan are laying the groundwork for tokenized markets and digital services. At the same time, lawmakers are starting to build policy rails for innovation rather than just restriction. The path toward mainstream integration is becoming more defined block by block, filing by filing.

‍

***

Want more actionable crypto news like this?
Subscribe our newsletter for weekly investor-grade insights across TradFi, DeFi, and digital assets.

‍

‍

Disclaimer: This blog is intended solely for informational purposes and is directed at our followers in Switzerland. It does not represent an opinion, legal, or investment advice, nor does it create any obligation or responsibility for FiCAS.

‍