The US Securities and Exchange Commission (SEC) has reviewed several new filings related to cryptocurrency ETFs, indicating a shift in the agency's perspective since President Donald Trump's second term.
New Crypto ETF Filings
Recently, filings by exchanges Nasdaq ISE and Cboe BZX addressed rule changes for crypto ETFs, including staking, options, in-kind redemptions, and new types of altcoin funds. These changes highlight a certain softening of the SEC's position on cryptocurrencies.
Expert Analysis and Comments
Eleanor Terrett, a Fox Business reporter, noted that the SEC is interested in staking and has asked the industry to provide a memo on the different types of staking and their benefits. A future release of agency guidance on the topic is expected.
Expected Approvals and New Products
Bloomberg Intelligence places the odds of an XRP ETF approval in the US at 65%. Odds for Litecoin and Solana ETF approvals are higher, at 90% and 70%, respectively. New ETFs, such as Franklin Templeton’s ETF holding spot Bitcoin and Ether, have recently launched, and the SEC has shown openness to reviewing new applications.
The situation with crypto ETFs continues to evolve, with SEC interest in staking and new ETF launches. Additional decisions are expected in the near future, potentially impacting the crypto market further.
