#SECETFApproval
Hereâs the latest on #SECETFApproval:
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đ New Guidance from the SEC
On July 7, 2025, the SECâs Division of Corporation Finance issued a 12âpage guidance document detailing disclosure requirements for crypto ETFs, covering custody, risk language, reporting, and more. This signals the start of a formal process toward approval of spot ETFs for assets like Solana, XRP, and even Donald Trumpârelated tokens .
A new standardized listing template could replace current 19(b)4 filings, potentially shrinking review times from ~240 days to ~75 days .
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đ Actively Moving Solana ETFs Forward
The SEC has instructed issuers to refile their Sâ1 documents for spot Solana ETFs by end of July, aiming for preâOctober approvals .
Meanwhile, the REXâOsprey Sol + Staking ETF launched on Cboeâs BZX exchangeâa workaround using the Investment Company Act of 1940, bypassing some SEC filing hurdles .
However, Fidelityâs spot Solana ETF is currently paused, entering a 21-day public comment phase plus 14 days for rebuttals, reflecting the SECâs cautious stance .
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𧩠Broader ETF Market Momentum
Spot Bitcoin and Ethereum ETFs were approved in 2024 and have garnered over USâŻ$147âŻbillion in AUM, per 99Bitcoins .
The SEC also approved Grayscaleâs multiâasset âDigital Large Cap Fundâânow an ETF holding BTC (80%), ETH (~11%), XRP (~5%), SOL (~3%), and ADA (~1%) .
New multiâasset proposals, like **Trump Mediaâs âCrypto