SEC Streamlines Crypto ETF Approvals for Altcoins

The U.S. Securities and Exchange Commission (SEC) has recommended a revised approval process for crypto ETFs. This could soon make ETFs for Litecoin, Cardano, Solana, XRP (Ripple), and Dogecoin a reality.

Two weeks ago, the U.S. Securities and Exchange Commission (SEC) introduced rules that would subject the approval of crypto ETFs to a standard. Now, as renowned crypto journalist Eleanor Terrett reports via X , this step is having an impact.

The SEC has asked applicants for a whole range of crypto ETFs to withdraw their applications and align themselves with the new rules. According to Tennett, this specifically affects Litecoin, Cardano, XRP (Ripple), Dogecoin, and Solana. Specifically, the SEC is no longer insisting on a lengthy “19b-4s” approval process for crypto ETFs, but instead an “S-1” document should suffice.

Shutdown in the US could delay SEC approval of crypto ETFs

Bloomberg ETF specialist Eric Balchunas now writes on X that the approval of additional crypto ETFs is “100 percent” guaranteed. S-1 applications could be approved within days, according to Balchunas.

He and his colleague James Seyffart had already expected a wave of crypto ETFs for the fall and winter, and the pace could now accelerate. However, the two Bloomberg experts still see one obstacle: If a government shutdown comes into effect in the US at midnight, the SEC would also be affected and might temporarily be unable to make decisions.

Bitcoin and Ethereum ETFs caused price increases

The first ETFs based on the new standards were launched in mid-September, when Dogecoin and XRP debuted on traditional exchanges.

The ETFs for Bitcoin and Ethereum, approved since 2024, have brought noticeable capital inflows and thus price increases to the two most important global cryptocurrencies. In addition to Dogecoin, XRP (Ripple), and Solana, Litecoin and Cardano are currently hoping for similar effects, and a whole host of other altcoins could follow.

Conclusion: Are crypto ETFs for Litecoin, Cardano, XRP, DOGE and Solana positive?

Since Donald Trump took office in January, the SEC has declared crypto a priority and aims to open up growth opportunities with practical regulation. Simplified approval procedures for crypto ETFs are one result of this SEC change of course.

However, two questions remain: First, there is no concrete date yet for the ETF debut of Cardano and Litecoin , and DOGE, XRP, and Solana are also waiting for the “green light” for further ETFs. Second, it remains to be seen whether ETFs for these altcoins will meet the hoped-for demand or whether Bitcoin and Ethereum will remain the benchmark.

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