#SECETFApproval 🏛️ What's Going on with #SECETFApproval?
1. SEC’s new crypto-ETF guidance
The SEC just issued a 12‑page disclosure framework outlining standardized requirements—covering custody, staking, investor protections, and plain-English risk disclosure—for crypto-based ETFs .
This is a pivotal move aimed at cutting down approval timelines from roughly 240 days to around 75 days .
2. Approvals so far
As of January 2024, the SEC approved 11 spot Bitcoin ETFs .
Spot Ethereum ETFs followed in May 2024 .
Just last week, the SEC gave the green light to Grayscale’s Digital Large Cap Fund (GDLC)—a multi‑crypto ETF holding Bitcoin, Ethereum, Solana, XRP, and Cardano .
Update: That approval was temporarily paused by the SEC, underscoring persistent caution around multi‑asset crypto ETFs .
3. What's next in the pipeline
Issuers pursuing Solana spot ETFs have until end of July to amend filings ahead of a possible October approval .
The SEC is reviewing applications for XRP, Litecoin, Dogecoin, Cardano, Avalanche, Hedera, and others—many are expected to get decisions by October–December 2025 .
Industry insiders anticipate approval “floodgates” opening soon for altcoin and multi-asset ETFs .
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✅ Quick Takeaway
Yes, spot Bitcoin and Ethereum ETFs are already approved and trading in the U.S.
New approvals are accelerating thanks to the SEC’s recent guidance.
Broad range of altcoin & multi‑crypto ETFs could be approved by Q4 2025.
Regulatory caution remains—especially around multi‑asset ETFs.
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Want more details on any specific ETF—involving Solana, XRP, Grayscale, or others? Just say the word!
