The SEC has significantly shifted its stance on crypto ETFs, setting the stage for multiple approvals beyond just Bitcoin and Ethereum. Here's what's happening:

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🔍 What’s New at the SEC

On July 1, the SEC issued a 12-page guidance detailing clearer disclosure rules for crypto ETFs—covering custody, risk, and structural transparency. It also suggested streamlining the ETF approval process by replacing the 19b‑4 exemptions, potentially reducing wait times from ~240 days to ~75 days .

Issuers are now being urged to refile spot Solana ETF applications by the end of July, hinting at pre‑October greenlights .

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📈 Already on the Move

REX‑Osprey Sol + Staking ETF (SSK.Z): Approved under the 1940 Act and now trading, offering US investors spot-plus-staking access to SOL—with ~7.3% yield. It pulled in more than $12 million at launch .

The SEC also advanced Grayscale’s Digital Large Cap Fund, converting it into a multi-asset crypto ETF (BTC, ETH, SOL, XRP, ADA) under NYSE Arca .

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🧭 What This Means

Altcoin ETF Summer: With over a dozen pending applications—including SOL, XRP, DOGE, LTC—the SEC’s evolving guidance fosters optimism for broader altcoin ETF approvals .

Institutional Access: Once approved, spot Solana ETFs offer regulated, brokerage-based entry into SOL, potentially boosting institutional inflows and mainstream adoption.

Timeline: Expect rapid developments by late summer or early autumn—especially if refiled Solana ETFs gain approval ahead of the October 10 deadline.

#SECETFApproval