The U.S. Securities and Exchange Commission (SEC) is planning to implement a new unified framework that will simplify and accelerate the approval process for crypto ETFs.
General Changes in ETF Approval Process
The SEC is developing unified guidelines that will reduce the time for approval of crypto ETFs, such as those related to Solana, XRP, and meme coins, from months to weeks. Instead of process individual applications under the 19b-4 exemption, it plans to introduce a standardized rule for all crypto ETFs.
Waiting and Alternative Paths
While awaiting full approval, some firms are exploring alternative paths to launch crypto-linked products. For example, Osprey Funds and REX Financial launched the REX-Osprey Sol + Staking ETF, which does not hold Solana directly but invests in an entity with indirect exposure to Solana and a non-U.S. fund.
SEC Strategy and Its Impact on the Market
The release of formal guidance indicates a policy shift within the SEC. A slowdown in enforcement actions and the establishment of a dedicated rulemaking team signal a more organized approach to digital asset oversight. The new framework is expected to provide a consistent listing path for crypto ETFs, improving access to digital asset investments across U.S. markets.
Until the SEC publishes the second phase of guidance, no new spot crypto ETFs will be approved. However, the anticipated regulatory changes are likely to significantly expedite the process and enhance investment access in digital assets.
