SEC Issues Crypto ETF Rules, Cuts Approval to 75 Days
SEC has revealed comprehensive crypto ETF guidelines, introducing a unified framework and cutting approval times from 240 days to 75 days. The 12-page disclosure covers spot ETFs linked to digital assets such as SOL, XRP, DOT and DOGE as well as memecoins. Working with Nasdaq and Cboe on a universal listing model, the SEC aims to accelerate altcoin ETF launches and broaden investor access. Over 54 crypto ETF applications remain under review, with Polymarket data showing a 70% chance of approval for altcoin ETFs. Meanwhile, offshore providers have launched workarounds like the REX-Osprey Sol + Staking ETF to offer SOL exposure. The streamlined crypto ETF process and upcoming SEC guidance later this year are expected to spur more altcoin ETF filings.
Bullish
The SEC’s new crypto ETF guidelines and reduced approval window are positive for altcoins like SOL, XRP, DOT and DOGE. In the short term, clearer rules and faster listing timelines may drive renewed ETF applications and investor interest, boosting trading volume and price momentum. Longer term, a streamlined approval framework and broader altcoin ETF access could increase institutional inflows and liquidity, supporting sustained demand and price appreciation. The demonstrated 70% approval probability further underpins bullish sentiment as more altcoin ETFs gain market entry.