#SECETFApproval The US Securities and Exchange Commission (SEC) is making progress in approving cryptocurrency exchange-traded funds (ETFs). Here's what's happening ¹ ² ³:

- *New Rule for Faster Approvals*: The SEC is preparing a standardized rule to simplify the listing of spot crypto ETFs, potentially reducing the approval timeline from 240 days to 75 days.

- *Guidance Document Released*: On July 1, 2025, the SEC released a 12-page guidance document outlining disclosure standards for crypto-based ETFs, including requirements for transparency in custody methods and competitive risks.

- *Potential ETF Approvals*: Solana, XRP, Dogecoin, Polkadot, and other cryptocurrencies are in the pipeline for potential ETF approvals, with some firms launching workaround products in the meantime.

- *Recent ETF Approvals*: The SEC has already approved several Bitcoin and Ethereum ETFs. In January 2024, 11 Bitcoin spot ETFs were approved, and in May 2024, spot Ether ETFs were approved for listing and trading on major exchanges.

These developments indicate a shift towards integrating cryptocurrencies into mainstream finance, with the SEC working to create a more streamlined approval process for crypto ETFs ¹ ⁴ ⁵.