#SECETFApproval The U.S. Securities and Exchange Commission (SEC) has recently made significant moves toward approving spot cryptocurrency exchange-traded funds (ETFs), particularly for altcoins like Solana, XRP, and others, signaling a shift in regulatory stance. Here’s a summary of the latest developments based on recent news:

New SEC Guidelines: On July 1, 2025, the SEC issued comprehensive guidance on disclosure requirements for crypto ETFs, marking a first step toward approving dozens of pending applications. This guidance emphasizes "plain English" disclosures addressing unique aspects of crypto ETFs, such as custody arrangements and risks in the competitive crypto market. A second guidance document is expected, potentially pushing launches to early autumn.

Solana ETFs: The SEC has accelerated the approval process for spot Solana ETFs, requesting issuers like Grayscale, VanEck, 21Shares, Canary Capital, Bitwise, and Franklin Templeton to refile amended S-1 documents by July 31, 2025. This suggests approvals could come before the official October 10 deadline. The REX-Osprey SOL and Staking ETF (SSK), approved under the Investment Company Act of 1940, has already launched, raising $12 million on its first day, adding pressure for faster spot ETF approvals. Bloomberg analysts estimate a 95% chance of Solana ETF approval in 2025.

XRP and Other Altcoins: The SEC is also reviewing applications for XRP, Dogecoin, Litecoin, and HBAR ETFs, with a streamlined framework potentially reducing approval times from 240 days to 75 days by replacing the 19b-4 process with a unified rule. Grayscale’s Digital Large Cap Fund, holding BTC, ETH, XRP, SOL, and ADA, was approved for conversion to an ETF, though a temporary stay was imposed. Analysts see a 90-95% chance of XRP and other altcoin ETF approvals this year.

HBAR Developments: The SEC delayed decisions on Grayscale and Canary Capital’s HBAR spot ETFs until September 9, 2025, reflecting caution. However, HBAR ETPs are already live in Europe, indicating global momentum.