Here’s the latest on SEC ETF approvals in the crypto space:
🧭 Key Updates
New SEC Framework to Accelerate ETF Approvals
The SEC unveiled a 12-page guidance document to streamline crypto ETF filings—aiming to cut review time from ~240
Grayscale’s Multi-Coin ETF Approved
On July 1, the SEC granted final approval to Grayscale’s Digital Large Cap Fund to convert into a spot ETF tracking BTC, ETH, XRP, SOL, and ADA—marking the first multi-asset crypto ETF in the U.S.
Spot Solana ETF on Fast‑Track
Following the launch of the REX‑Osprey Solana + Staking ETF (SSK), the SEC has asked Solana ETF issuers to refile by end of July—signaling an expedited path toward approval before October
Trump Media’s “Crypto Blue‑Chip ETF” Filing
Trump Media & Technology submitted a filing for a diversified “blue‑chip” crypto ETF—initially focusing on BTC and ETH and now expanding to include SOL, XRP,
🔍 What This Means
Review Process Modernization: The SEC’s new guidance is a major shift—moving from cumbersome bespoke filings (19b‑4) to potentially standardized pathways that save issuers months in waiting times
Multi‑Asset Momentum: Grayscale’s ETF is the first of its kind in the U.S., combining top tokens into one product—enabling broader exposure and easier access for investor
Altcoins Approaching Approval: Solana’s next in line, with potential approval by October. Analysts suggest Litecoin, XRP, Hedera, and others may follow later
Institutional Interest Rising: The Trump Media filing highlights growing institutional participation in crypto ETFs, signifying an expanding regulatory horizon
📅 Timeline Highlights
Date Event
July 1, 2025 Grayscale approval for GDLC to become ETF
By July 31, 2025 Solana ETF refiles due—SEC signals fast-track
Before October 10, 2025 Anticipated Solana ETF approval
💡 Looking Ahead
Ethereum + Bitcoin: Already approved; actively trading since mid‑2024.
Solana: Likely next, with major filings and staking-inclusive ETFs being evaluated.
Other Altcoins: XRP, Litecoin, Hedera, Cardano, etc., are in the pipeline—pending structural and disclosure enhancements.
New Issuers: Expect filings from the likes of Bitwise, 21Shares, VanEck, Fidelity, Fidelity’s Solana ETF, Canary Capital (TRX), and more
✅ Summary
The SEC is pivoting to a faster, more transparent ETF approval process. Grayscale's multi-token ETF is live, Solana is on deck, and a wave of altcoin-based products is likely to follow. This marks a significant broadening of mainstream investor access to digital assets.