SEC Seems Ready to Advance XRP, Litecoin, Solana ETF Applications

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CoinDesk 13h ago

SEC Seems Ready to Advance XRP, Litecoin, Solana ETF Applications - CoinDesk

Quick Summary:

The Commission acknowledged several applications for crypto exchange-traded funds on Thursday, a move that ties the regulator to a strict timeline for approval or denial.

While Thursday's actions don't necessarily guarantee that the SEC will approve all of these products, they do show that companies feel more comfortable with expanding beyond just Bitcoin and Ether ETF products with the current SEC administration.

All four issuers had previously filed S-1s, which are the first step in bringing an ETF on the market.