$SOL #SECETFApproval SECETFApproval 🚀 SEC’s Pivotal Moves on Crypto ETFs

1. Grayscale’s GDLC Converts to Spot Crypto ETF

On July 1, the SEC approved Grayscale’s Digital Large Cap Fund (GDLC)—which includes Bitcoin, Ethereum, XRP, Solana, and Cardano—as a spot ETF to be listed on NYSE Arca .

This marks the first spot ETF in the U.S. following Bitcoin and Ethereum, and it leans heavily on those two (~80–91% combined), offering broad crypto exposure.

2. Solana & Altcoin ETFs: Fast-Tracking Toward Approval

The SEC has requested issuers of spot Solana ETFs to refile amended S‑1 documents by end of July, aiming to clear the path for approvals before the October 10 deadline .

Analysts at Bloomberg assign ~95% odds for spot ETF approvals for Solana, Ripple (XRP), and Litecoin by year‑end .

3. New SEC Guidance Streamlines Crypto ETF Process

On July 7, the SEC released a new 12‑page guidance memo focused on crypto ETF disclosure rules—emphasizing custody transparency, risk factors, and signal simplification of the listing process.

Aiming to cut approval timelines from ~240 days to ~75 days by enabling standardized filings instead of separate 19(b)(4) proposals .

4. Trump Media’s “Crypto Blue Chip ETF” Filed

On July 8, Trump Media & Technology (Truth Social) filed for approval of a Crypto Blue Chip ETF covering BTC, ETH, SOL, XRP, and CRO. The SEC has acknowledged the filing, starting the formal SEC review clock .