Hey there, crypto enthusiasts! If you've been following the latest developments on SEC ETF approvals, you're in the right place. Let's dive into the latest updates and what they mean for the crypto market.
What Has Already Been Approved
In January 2024, the SEC greenlit the first spot Bitcoin ETFs, with 11 issuers including BlackRock, Fidelity, ARK, Grayscale, and more. By May-July 2024, the SEC approved multiple spot Ethereum ETFs, with eight major issuers set to list and trade.
Recent SEC Moves in 2025
- Grayscale GDLC Multi-Crypto ETF: On July 1, 2025, the SEC approved Grayscale's Digital Large Cap Fund (GDLC) converting into a spot crypto index ETF holding BTC, ETH, XRP, Solana, and Cardano. Bloomberg analysts now predict a 95% chance of individual spot ETFs for altcoins like XRP, SOL, and LTC by year-end.
- New SEC Guidance for Crypto ETFs: On July 7, 2025, the SEC released a new 12-page disclosure framework detailing custody, transparency, and risk standards for crypto ETF filings. The agency aims to streamline approvals, reducing review time to as short as 75 days from the current ~240 days.
- Solana & Fidelity Applications: The SEC has extended review schedules for Solana (SOL) ETFs, requesting revisions from issuers like Fidelity. A deadline for resubmissions is set by the end of July 2025, with final decisions possible by October 10, 2025.
Trump Media's "Crypto Blue Chip ETF"
On July 8, 2025, Trump Media & Technology Group filed with the SEC for a "Crypto Blue Chip ETF", investing across major tokens (BTC, ETH, SOL, XRP, Cronos, token from (link unavailable)). They also submitted a Bitcoin/Ethereum combo ETF for listing on the NYSE Arca, with custodian (link unavailable)
What Comes Next
1. Crypto index ETFs: Like GDLC, are actively listing now.
2. Altcoin ETFs: (Solana, XRP, LTC, ADA, etc.) have high approval probabilities and may launch later this year.
3. New guidance and faster processes: Indicate a wave of approvals in the next few months.
4. Trump Media's filings: Mark a growing trend of mainstream companies entering the crypto ETF spaceโpending SEC review.
Summary Table
Asset Type SEC Status Next Steps
Spot BTC ETFs Approved and trading (since Jan 2024) Established
Spot ETH ETFs Approved and trading (since mid-2024) Established
GDLC Multi-Crypto ETF Approved July 1, 2025 Trading soon
Altcoin (Sol, XRP, LTCโฆ) Under review; high approval odds Deadlines: Jul-Oct 2025
Trump Media Crypto ETF Filed July 8, 2025 Review underway
Final Takeaway
The SEC is moving quickly to expand crypto ETF offeringsโbeyond Bitcoin and Ethereumโto include diverse assets like Solana, XRP, and multi-crypto baskets. Their new disclosure rules and speed-up of review processes reflect this shift. Expect a flurry of new SEC-approved bitcoin, ether, altcoin, and multi-crypto ETFs in the coming months.
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