SEC’s New Framework Could Fast-Track Solana (SOL) Crypto ETF Approval by Late 2024
2025-07-09 00:11:14
Main Idea
The SEC is developing a unified listing framework for ETFs that could expedite the approval process for crypto ETFs, including those tracking altcoins like Solana (SOL), XRP, and LTC.
Key Points
1. The SEC is working on a unified listing framework for ETFs to streamline the approval process.
2. The new framework would allow issuers to bypass the traditional 19b-4 filing process by submitting an S-1 75 days before trading begins.
3. Trading volume and liquidity will be critical factors in the approval process.
4. Analysts predict a high likelihood of SEC approval for ETFs tracking major altcoins like SOL, XRP, and LTC, with estimates as high as 95%.
5. The draft framework is expected to be released within the month, potentially leading to a surge in approvals for a broader range of asset-backed ETFs.
Description
On July 9, Theblock disclosed that the U.S. Securities and Exchange Commission (SEC) is advancing efforts to establish a unified listing framework for cryptocurrency ETFs, signaling a potential opening for
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