The US Securities and Stock Exchange Commission (SEC), Solana (left) and Litecoin (LTC), such as the ETFs of large digital assets took an important step in the process. It is also reported that applications are progressing for Ripple (XRP) ETFs. US President Trump’s pro -crypto discourses suggest that these ETFs are likely to play.
Solana ETF application can be a turning point
Bloomberg ETF analyst Eric Balchunas said that the new approach of SEC is a historical change. According to Balchunas, the acceptance of ETF application for a crypto asset, which was previously classified as securities, may be an indication of the changing attitude of the regulator.
This change is in contrast to the decisions taken under the leadership of former SEC President Gary Gensler. Balchunas recalled that SEC wanted to withdraw the Solana 19b-4 application by the Chicago Board Options Exchange (CBOE) six weeks ago, and that the management change directly contributed to these new developments.
XRP ETFs and Corporate interest
The change in SEC’s attitude towards crypto existence ETFs has also led to significant developments for XRP. CBOE, Bitwise, 21shares, Canary Capital and Wisdomree, such as large fund administrators presented by four different XRP ETF’i applied for operations.
These applications were previously submitted through the S-1 registration declaration. However, the progress of the SEC shows that regulatory support for crypto ETFs has increased. The interest of corporate investors to these ETFs may trigger new capital inflows to the crypto market.
What does SEC and ETFs mean for crypto markets?
Although the SEC’s acceptance of ETF applications does not mean a definite approval, it is considered a positive signal for the market. Balchunas described this development as a “small but important step, and said that the regulatory environment began to approach crypto investment products more warmer.
In the coming months, the decisions of the SEC will play a critical role for the future of crypto investment products. Potential ETF approvals may increase corporate participation and facilitate the entry of new investors in crypto currency markets.
