#SECETFApproval

New ETF Approval System and Simplification:

* Streamlined Process: Replacing individual forms with a general listing template could reduce the approval time to just 75 days.

* Generic Listing Standards: Working with exchanges to create generic listing standards for token-based ETFs.

Current Status and Future Outlook:

* Solana ETF: Approval is expected to accelerate before the October deadline to prevent surprise product launches. Analysts put the chances of Solana ETF approval at over 90%.

* Trump Media & Technology Group: Filed documents with the SEC for approval to launch a "Crypto Blue Chip ETF." This proposed ETF would hold 70% Bitcoin, 15% Ethereum, and 8% Solana.

* Other Altcoin ETFs: Following the successful launch of spot Bitcoin and Ethereum ETFs, institutional interest in altcoins is rising. Many other altcoin ETFs, including those for XRP, Litecoin, Dogecoin, Cardano, and Polkadot, are awaiting approval, with most having a high probability (over 90%) according to analysts.

* Staking Rewards: The SEC appears disinclined to permit staking rewards in US-based Ethereum ETFs and funds investing in other programmable protocols (e.g., Solana) for now.