#SECETFApproval

*New Rule*: The U.S. Securities and Exchange Commission (SEC) is providing a unified rule to simplify the listing of spot cryptocurrency exchange-traded funds (ETFs), which could reduce the approval timeframe from 240 days to 75 days.

- *Guidance Document*: A 12-page guidance document has been issued, outlining the criteria that issuers must adhere to, including custody methods, competitive risks, and structural characteristics, in clear language.

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