SEC reveals new Crypto ETF guidelines – Will Solana, Dogecoin be the first in line?

Key Points

1. The SEC released a 12-page directive providing new disclosure guidance for crypto ETFs, including Solana (SOL), XRP, and memecoins, aiming to streamline the approval process.

2. The SEC is working with major exchanges like Nasdaq and Cboe to fast-track crypto-related ETF approvals, potentially reducing the process to 75 days.

3. There is a 70% probability (per Polymarket data) that ETFs tied to altcoins like XRP, Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA) will be approved.

4. The SEC recently approved the first crypto index ETF that includes assets beyond Bitcoin and Ethereum, signaling broader regulatory openness.

5. Some firms, like REX Financial and Osprey Funds, have already launched indirect Solana exposure ETFs (e.g., SSK.Z) through offshore entities.