SEC Faces October Deadlines for Crypto ETF Applications
The SEC faces October deadlines for several crypto ETF applications, including those linked to Solana, XRP, and Litecoin.
Decisions will cover both new spot products and conversions of existing trusts.
This follows the SEC's adoption in September of new listing standards for commodity-based trust shares, aiming to streamline approvals for spot ETFs related to assets with futures markets.
Bloomberg analysts suggest this policy shift could lead to increased spot ETF launches, contingent on individual filings.
Over a dozen cryptocurrencies might qualify for review under the new rules.
SEC Commissioner Caroline Crenshaw expressed concerns that the changes reduce investor protections.
However, industry executives believe the framework offers clarity and could broaden institutional and retail access to crypto markets.
