The Securities and Exchange Commission has taken the first step to grant new crypto exchange funds (ETFs) that track the price of assets such as Litecoin and Solana. Further indication of new encrypted administrators in step agency to launch XRP ETF.
Earlier on Thursday, the SEC approved the submission of Solana (SOL) ETFs by Grayscale. This means that the committee will now need to approve or reject applications until October.
The SEC previously refused to accept some applications of ETFS Tracking SOL and instructed the CBOE to defeat previously uploaded 19B-4s to those ETFs.
Eric Bulknath, a senior ETF analyst at Bloomberg Intelligence, said that considering this is the first time that a cryptocurrency ETF application, which was previously considered “security,” has been approved by the SEC, the approval is “known.” “It was.”
“We're in a new realm now, but just a step in babyhood, but it looks like a direct result of a change in leadership,” he wrote. I'll post it on x.
The SEC also confirmed a series of other cryptographic ETF-related applications on Thursday. This includes Grayscale's submission to the Litecoin (LTC) ETF and BlackRock's proposal to enable Kinpede to be created and redone with regard to the ISHARES Bitcoin ETF.
In our evening, CBOE filed to list and trade stocks in four separate ETFs attempting to track the price of XRP (XRP).
The exchange filed four 19B-4 documents with the SEC on Thursday for Bitwise, 21Share, Canary Capital and future ETFs in WisdomTree.
All four publishers had previously submitted S-1s, which is the first step to bringing ETFs to the market.
Thursday's actions do not necessarily guarantee that the SEC will approve all of these products, but companies are used to expanding beyond just Bitcoin and Ether ETF products in current SEC management. indicates.
