#SECETFApproval The Securities and Exchange Commission has issued its first comprehensive guidance on the crypto ETF approval process, potentially clearing a path for dozens of cryptocurrency exchange-traded funds that have been waiting months or years for regulatory approval.
While the 12 page framework establishes clearer disclosure requirements, it stops short of guaranteeing approvals and maintains the SEC’s traditionally cautious stance on digital asset investment products.
For investors and crypto companies, this represents incremental progress rather than a regulatory breakthrough—but it could still accelerate the timeline for new crypto ETF launches from major cryptocurrencies like Solana to niche tokens.
On July 1, 2025, the SEC’s Division of Corporation Finance released a comprehensive 12-page statement outlining disclosure requirements for crypto asset exchange-traded products (ETPs). This guidance represents the first part of what industry insiders describe as a complete overhaul of the regulatory framework governing cryptocurrency investment products.
The document outlines how issuers must structure their filings when seeking approval for crypto ETFs, requiring clear explanations in “plain English” of all factors that make these products distinctive from traditional ETFs.
According to the guidance, issuers must address custody arrangements, risk factors, and the operational challenges of cryptocurrency markets—though the guidance itself doesn’t guarantee any approvals will follow.
