$LTC SEC opens the way for XRP, Solana, and Litecoin ETF funds

The SEC has officially acknowledged a series of new crypto ETF filings including Solana and Litecoin for the first time. At the same time, Cboe has vigorously submitted four 19b-4 filings for the XRP ETF to the SEC.

On February 6, the U.S. Securities and Exchange Commission (SEC) officially recognized Grayscale's amended 19b-4 filing for the Solana spot ETF, marking the first time a type of digital asset previously considered a security has been accepted for review by the SEC.

Previously, under Chairman Gary Gensler, Solana ETF registration filings were continuously rejected by the SEC on the grounds that they did not meet the proper classification criteria of "commodity trust shares" – a type of fund typically only applied to assets like gold or silver.