SEC’s New Listing Standards Could Enable Spot Solana ETF Approval Before XRP by Q4
Main Idea
The SEC’s new general listing standard for crypto ETFs, which links approval to Futures market activity, could expedite the launch of spot Solana (SOL) ETFs before Ripple (XRP) ETFs by Q4 2025.
Key Points
1. The SEC’s new standard ties ETF approval to six months of Futures market activity on platforms like Coinbase, streamlining the process for altcoin ETFs.
2. Experts predict approvals for Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) ETFs by September or October 2025.
3. Solana Futures have been trading on CME since March 17, 2025, while XRP Futures started on May 19, 2025, suggesting SOL ETFs may be approved first.
4. The new framework includes an ETF staking provision and is expected to be adopted by major exchanges like Nasdaq and NYSE.
5. Futures trading activity under CFTC jurisdiction is a critical factor in the SEC’s approval process, influencing the timing of ETF launches.
Description
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