XRP & Solana ETFs Near Launch as SEC Streamlines Approvals
XRP & Solana ETFs Near Launch as SEC Streamlines Approvals
The US crypto ETF market is experiencing a significant shift. Last week, the Securities and Exchange Commission (SEC) approved "generic listing standards," paving an accelerated path for spot XRP and Solana Exchange-Traded Funds (ETFs), alongside other digital asset products beyond Bitcoin and Ethereum. This pivotal decision allows exchanges to list qualifying commodity-based ETPs without needing a separate 19b-4 approval for each, thereby streamlining the entire process. Consequently, issuers proposing spot XRP and Solana funds are now actively preparing to submit their final amendments, with many industry observers suggesting these filings are already substantially complete. Impact of Generic Standards This regulatory shift is monumental. By endorsing generic listing standards across major exchanges like NYSE Arca, Nasdaq, and Cboe BZX, the SEC has effectively transitioned spot-crypto ETF approvals from a laborious, proposal-by-proposal adjudication to a more predictable, ru…