#SECETFApproval The U.S. Securities and Exchange Commission (SEC) is advancing in the approval of cryptocurrency exchange-traded funds, especially for Solana and XRP. Here’s what’s happening ¹ ²:

- *New rule*: The U.S. Securities and Exchange Commission has introduced a unified rule to simplify the inclusion of spot cryptocurrency exchange-traded funds, which could reduce the approval time from 240 days to 75 days.

- *Guidance document*: A 12-page guidance document has been issued that outlines the criteria that issuers must meet, including custody methods, competitive risks, and structural features, in clear language.

- *Expected approvals*: Exchange-traded funds based on Solana are likely to be among the first funds approved under the new rules, as many issuers are awaiting decisions on their applications.