PANews July 9 news, according to The Block, the US SEC seems to be about to approve multiple spot cryptocurrency ETFs, and key stakeholders are considering a framework that could expedite the listing process. Sources say that last week, the SEC raised questions about the details of a SOL ETF proposal regarding staking, but the communication was constructive. Insiders claim that approval is just a matter of time, although the specific timing is yet to be determined. On Tuesday, at the WOLF Trading event, Osprey Funds and Rex Shares founder Gregory King stated that the SEC's attitude has shifted; while they won't act arbitrarily, they support cryptocurrencies. Last week, the SEC approved a mixed cryptocurrency fund from Grayscale, but that approval was subsequently suspended. Insiders say that the SEC is progressing in phases, first with Bitcoin, then Ethereum, and now considering mixed asset ETFs. Currently, the SEC is formulating listing standards and plans to shorten the review period. This initiative is driven by exchanges and aims to align with traditional ETF practices. 21Shares stated that they have not directly communicated with the SEC, but believe the new framework could reduce the complexity and uncertainty of listings. Bloomberg Industry Research ETF analyst James Seyffart expects the framework draft to be released this month, with implementation in September or October, at which point the gates for other asset ETFs will open. Analyst Eric Balchunas recently estimated that the SEC's approval probability for ETFs tracking SOL, XRP, and LTC is 95%, while the probability for ETF proposals tracking Dogecoin, Cardano, and Polkadot is also quite high, around 90%.
