#SECETFApproval Here’s the latest on SEC crypto ETF approval developments:

⸻

🇺🇸 1. Trump Media’s “Crypto Blue Chip” ETF Filing

• On July 8, Trump Media & Technology Group (owner of Truth Social) filed to launch a multi‑crypto ETF with the SEC, tentatively named Crypto Blue Chip ETF  .

• The proposed allocation is ~70–75% Bitcoin, 15–25% Ethereum, and the remaining ~10% spread across Solana, XRP, and Cronos  .

• Designed to trade on NYSE Arca, with custody by Crypto.com (Foris DAX Trust). The SEC officially acknowledged the application on July 8, beginning a review window of up to ~240 days—but such filings often involve amendments and back‑and‑forth  .

⸻

2. Grayscale’s Multi‑Crypto ETF Approved

• In early July, the SEC approved Grayscale’s Digital Large Cap Fund (GDLC) conversion into a spot ETF containing Bitcoin (~80%), Ethereum (~11%), XRP (~5%), Solana (~2.8%), and Cardano (~0.8%)  .

• Effectively the first US-listed alt‑coin spot ETF, this marks a significant regulatory step beyond BTC and ETH-only products  .

• Note: a later SEC order temporarily stayed the final approval pending formal commission action  .

⸻

3. Broader Crypto ETF Landscape & SEC Guidance

• The SEC has issued updated 12-page guidance outlining disclosure rules and custody risk reporting for crypto ETFs. This is the first step toward more streamlined approvals—possibly reducing review times from ~240 to ~75 days  .

• Solana spot ETF filings are currently being amended by issuers before a July deadline; final SEC decisions are expected by October 10  .