SEC Crypto ETF Drama: Solana, Dogecoin – Will They Finally See the Light?

by

Key Takeaways

  • The SEC’s shiny new guidelines could open the floodgates for crypto ETFs in the good ol’ US of A, and guess what? They’re even aiming to cut approval times from 240 to 75 days. No more waiting around like a bored teenager at a family reunion.

After months of crypto ETF rejections, the U.S. Securities and Exchange Commission (SEC) has finally thrown a bone to the market. Talk about a late-night snack!

SEC’s New Crypto Guidelines

In a move that can only be described as “surprising” (perhaps to the point of causing a few double-takes), the SEC dropped new disclosure guidance for crypto-related exchange-traded products. Translation: the agency’s thinking about saying “yes” to those long-overdue ETF applications. You know, the ones for Solana [SOL], XRP, and even those Trump-themed memecoins that make us all question our life choices.

The 12-page directive? It’s not just a sign of the changing political winds under Republican leadership but a clear signal that the SEC is evolving—some might even say “catching up”—with the crypto world.

Now that they’ve got a special task force working on crypto regs, and some major enforcement actions on pause, asset managers are hopeful that this marks the beginning of a new, fast-track era. Fingers crossed, right?

As Sui Chung, CEO of CF Benchmarks (the crypto index folks), put it,

“The SEC is moving forward on creating a framework for how they’d like to see all these crypto assets included in investment funds” to address the “explosion” in the number of ETFs now waiting for a regulatory thumbs-up.

Could this guidance be the first step in an SEC crypto ETF renaissance? We sure hope so.

What Else Is the SEC Cooking Up?

According to some insider gossip (the kind we all live for), the SEC is working on something even more transformative: a universal listing framework. This would mean no more filing Form 19b-4 for every single crypto ETF. You know, the form that currently makes approval take as long as your last bad relationship—240 days.

The new system, involving Nasdaq and Cboe, could potentially trim the approval process to just 75 days. Yes, you read that right—just 75 days. We’re talking about cutting through red tape like a hot knife through butter.

If this happens, the market might just get a fresh infusion of crypto ETFs faster than you can say “blockchain revolution.”

Execs Weigh In

Nate Geraci, President of ETF Store, had some thoughts on the matter:

“The SEC is looking for a general rule it can apply to all listings, and currently is going back and forth on precise wording with the exchanges.”

Meanwhile, we’ve got this lovely picture to remind us that it’s all still a bit of a work in progress:

Although the approval of Spot ETFs tied to Solana, XRP, Polkadot [DOT], Dogecoin [DOGE], and Trump-themed memecoins is still on ice, there’s a palpable sense of optimism in the air. Investors are gearing up for that big moment of regulatory clarity.

Everyone’s got their eyes on the SEC’s next move—expected sometime in Q4 2025. Will it be the green light crypto fans have been waiting for? Time will tell.

Will Pending Crypto ETFs Finally Get the Green Light?

Amid the torturously slow regulatory process, some ETF proposals are starting to gain momentum. You know, the ones tied to altcoins like XRP, Litecoin [LTC], Dogecoin, and Cardano [ADA].

According to Polymarket (the experts who apparently know everything), there’s a 70% chance these altcoin ETFs will finally get approved. That’s a solid bet if I ever saw one.

Oh, and speaking of approvals, the SEC has already greenlit the first crypto index ETF that includes assets beyond just Bitcoin and Ethereum. So, there’s some light at the end of the tunnel.

Meanwhile, the daring folks at REX Financial and Osprey Funds have launched the REX-Osprey Sol + Staking ETF (SSK.Z), which gives investors exposure to Solana through an offshore entity. We’re talking next-level crypto maneuvering here, folks.

Despite the ongoing regulatory confusion, it’s starting to look like the age of the altcoin ETF may be closer than we ever dared to hope. And who knows? Maybe the SEC will surprise us again, but this time with something that actually works.

Read More

2025-07-09 09:28