#SECETFApproval Crypto ETF Approval Update

SEC’s new 75-day framework: As of July 1, 2025, the SEC proposed a process that would automatically clear crypto ETF applications if no objection is raised within 75 days. This is expected to drastically shorten approval times compared to the previous 240-day window .

Spot Bitcoin & Ethereum ETFs: These have already been approved and are trading—Bitcoin starting January 10, 2024, and Ethereum mid‑2024—but options trading on ETH ETFs was formally approved in April 2025 .

Multi‑asset and spot altcoin ETFs: The SEC recently greenlit the Grayscale Digital Large Cap Fund to convert into an ETF holding BTC, ETH, SOL, XRP, and ADA (with roughly 80% in BTC) .

Pending spot altcoin ETFs: Applications for Solana (SOL), XRP, Litecoin, Dogecoin, Cardano, Polkadot, and HBAR are under review. Solana issuers have until July 31 to refile and could see approval before October; decisions on others are likely later in the year .

Trump Media’s 'Crypto Blue‑Chip ETF': Submitted July 8, 2025—it targets well‑established cryptocurrencies like BTC, ETH, SOL, and XRP. The SEC’s approval process under the new framework will apply .

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🚀 What’s Coming

**“Floodgates” may open**: Industry observers expect approvals for spot Solana, XRP, and Litecoin ETFs as the new framework takes effect .

Staking/in‑kind redemptions: The SEC has signaled this may come later (possibly October 2025), but current ETF approvals do not include staking capabilities .

New guidance: A detailed 12-page SEC guideline was released to clarify disclosure, custody, and listing standards for crypto ETFs .