U.S. SEC approves general listing standards for ETFs… XRP and Solana ETF launches likely to accelerate

Suehyeon Lee

Summary

The U.S. Securities and Exchange Commission (SEC) has approved general listing standards for ETFs.
Solana and XRP and other major altcoin ETF launches are expected to accelerate.
It reported that, with the SEC approval, the assets currently awaiting ETF approval number about 12–15.

*List of assets that meet the SEC's general listing requirements for ETFs/photo=Eric Balchunas X*

The U.S. Securities and Exchange Commission (SEC) approved general listing standards for exchange-traded funds (ETFs), and the launches of major altcoin ETFs such as Solana (SOL) and XRP are expected to accelerate.

On the 18th (local time), Bloomberg analyst Eric Balchunas said on X, "With the SEC's approval of the general listing standards, coins that have futures listed on Coinbase can be launched as spot ETFs under the '33 Act (1933 Securities Act) without individual review procedures. Currently, the assets that meet this condition number about 12–15." he said.

These include XRP and Solana, Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Polkadot (DOT), Avalanche (AVAX), Chainlink (LINK), Cardano (ADA), Hedera (HBAR) and other assets currently awaiting SEC ETF approval.