The SEC is undertaking to simplify the ETF approval process, especially for cryptocurrency-related ETFs, to promote faster growth in the cryptocurrency financial industry.
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The SEC is researching a common listing standard for Token ETFs, helping to shorten the filing approval process.
This agency may soon approve a series of Solana and other altcoin ETFs with a high success rate in 2025.
Grayscale is allowed by the SEC to convert the Digital Large Cap Fund into a publicly traded ETF on the NYSE Arca.
What is the SEC doing to simplify the cryptocurrency ETF approval process?
The SEC is developing a common listing standard for Token ETFs, helping funds avoid the lengthy and complex 19b-4 process. Eleanor Terrett, a journalist specializing in cryptocurrency, stated that this will allow the company to file an S-1, wait 75 days, and then be directly listed on the exchange without much paperwork.
The outcome of our rules is not effective when companies require highly specialized lawyers and compensation consultants to prepare disclosure that the reasonable investor struggles to understand.
U.S. Securities and Exchange Commission, speaking on June 26, 2025
This is expected to significantly reduce the burden on the SEC while facilitating investor access to safer and more transparent Token ETFs. The anticipated criteria include market capitalization, trading volume, and liquidity to determine the qualifying portfolio.
What is the current outlook for cryptocurrency ETF approvals?
Currently, there are 9 ETF applications focused on Solana awaiting approval from organizations such as VanEck, 21Shares, and Bitwise Asset Management. The SEC has requested revisions to the S-1 filing, and the possibility of fast approval in July 2025 is highly regarded.
Bloomberg analysts Eric Balchunas and James Seyffart predict that the approval rate for altcoin ETFs will exceed 90% by the end of 2025 due to active negotiations with the SEC. Some ETFs like Sui and Tron/Pengu have lower probabilities but are still within the feasible range.
What does Grayscale's approval to convert the Digital Large Cap Fund into an ETF mean?
The SEC has just approved Grayscale to convert the Digital Large Cap Fund (GDLC) into an ETF traded on the NYSE Arca. This expands public investors' access to a large basket of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Solana, and Cardano, with specific proportions such as Bitcoin accounting for about 80% of the portfolio.
This decision was made on an accelerated basis, reflecting ongoing dialogue with the SEC.
Grayscale press release, June 2025
Previously, GDLC was a private fund managing assets of over $760 million. Becoming an ETF allows Grayscale to attract more investors and increase liquidity for the fund, representing an important step in legitimizing and popularizing cryptocurrency through traditional financial channels.
Frequently Asked Questions
What standard will the SEC apply to evaluate Token ETFs? The evaluation criteria include market capitalization, liquidity, and trading volume according to the latest reports from industry experts. What is the approval rate for cryptocurrency ETFs in 2025? Most altcoin ETFs are expected to have an approval rate of over 90%, while some ETFs like Sui and Tron have lower probabilities of about 50-60%. What does Grayscale's conversion of its fund into an ETF signify? It helps the fund access public investors, increases liquidity, and strengthens its position in the global cryptocurrency ecosystem. How much faster will the Token ETF approval process be after preparation? Issuers can bypass the complex 19b-4 procedure, only needing to submit an S-1 filing and wait 75 days for listing on the exchange. Does the SEC agree to publicly comment on this plan? The SEC has not made an official statement, but many experts and users on social media are optimistic about this improvement.
Source: https://tintucbitcoin.com/sec-day-nhanh-duyet-ho-so-etf/
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