#SECETFApproval

SEC Accelerates Crypto ETF Approvals Amid Regulatory Shift

The U.S. SEC has initiated a major regulatory overhaul, issuing its first comprehensive guidance (12-page framework) to streamline disclosure requirements for crypto ETFs. This signals openness to approving dozens of pending applications, including spot ETFs for Solana (SOL), XRP, and even Trump’s meme coin .

Key Developments:

1. Solana ETFs Fast-Tracked The SEC set a July deadline for issuers to refile amended S-1 forms, pushing for approvals ahead of the October 10 final deadline. This urgency follows the automatic approval of the REX-Osprey Solana Staking ETF (SSK), which raised $12M on its debut .

2. Broader Crypto Inclusion Trump Media filed for a multi-token ETF (Bitcoin, Ether, Solana, Ripple), while over 70 crypto ETFs—spanning altcoins like Dogecoin, Litecoin, and derivatives—await 2025 decisions .

3. Streamlined Process The SEC is replacing case-by-case 19b-4 forms with a universal listing template, slashing approval timelines from 240 days to ~75 days. Exchanges like NYSE and Nasdaq are finalizing standards covering market cap, custody, and staking .

4. High Approval Odds Analysts project 95% approval likelihood for SOL/XRP/LTC ETFs and 90% for Dogecoin/Polkadot, citing the SEC’s phased approach post-Bitcoin/Ether ETF successes .

> "The SEC acknowledges crypto ETPs are becoming mainstream and is laying rules to save time," notes Bitwise CIO Matt Hougan .