#SECETFApproval The US Securities and Exchange Commission (SEC) has been actively approving various cryptocurrency-related ETFs. Here are some key developments ¹ ² ³:

- *Grayscale ETF Approval*: The SEC approved Grayscale's Digital Large Cap Fund (GDLC) to convert into a spot ETF, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano. This approval marks a significant milestone, potentially paving the way for other multi-asset crypto funds.

- *Bitcoin ETF Approvals*: In January 2024, the SEC approved 11 spot Bitcoin ETF applications from issuers like BlackRock, Grayscale, and Fidelity, making it easier for institutional investors to invest in Bitcoin.

- *Bitcoin-Ethereum ETFs*: The SEC also approved the first-ever dual Bitcoin and Ethereum ETFs, introduced by Hashdex and Franklin Templeton, providing investors with simplified access to these two largest cryptocurrencies.

- *Future Approvals*: The SEC is working on new guidelines for crypto ETFs, which might accelerate the approval process. Potential candidates for future approvals include ⁴ ⁵ ⁶:

- *Litecoin ETF*: Expected to receive quick approval due to its regulatory history and profile.

- *Solana ETF*: Issuers have been asked to adjust and resubmit their filings, with potential approval expected soon.

- *XRP ETF*: Franklin Templeton's XRP ETF filing is under review, with a decision potentially coming in the near future.

- *Dogecoin ETF*: Bitwise's Dogecoin ETF filing has been postponed, with a decision expected by mid-June 2025.