The updated standards of the US Securities and Exchange Commission for ETFs announced last week, can encourage the demand for listed products connected to cryptocurrencies ranging from Solana to Dogecoin.
ETFs around the more traditional cryptocurrencies Bitcoin and Ethereum were launched in 2024 under earlier rules that Stroker had standards for issues and exchanges.There are 21 American ETFs that have Bitcoin or Ethereum, or a combination of both, and dozens of archives with the SEC for new products that are linked to other coins. Analysts said they expect that the first products approved under the new rules – probably ETFs associated with cryptocurrencies Solana and XRP – will debut at the beginning of October.
“We now have about a dozen files with the SEC and more,” says Steven McClurg, founder of Canary Capital Group, a digital business investment management company that designs and launches ETFs. “We are all preparing for a wave of launches.” Since the SEC first unveiled the proposed new listing standards in July, companies have been affected to update their new product requests and to respond to specific comments and questions from the Seca -final wave of amendments could be submitted by the end of this week, three people who were familiar with the issue did not ask for being mentioned.
“Those files are quite far in the assessment process,” says Teddy Fusaro, president of Bitwise, a crypto asset manager. “These are the rules we had expected.”
The SEC did not respond to a request for comment.
The vote last week by the SEC to adopt new list standards, eliminates the need for an individual regulatory assessment of each crypto ETF application, so that products that meet predetermined standards can launch without a long-term approval process for approval. That will reduce the approval time for new crypto products to 75 days or less, from a maximum of 270 days earlier, according to sources from the industry.
The fourth quarter of 2025 is a high time for Crypto ETF -Etensen, said Jonathan Groth, a partner at DGIM Law.
Grayscale Investments was first out of the gate and rolled his new gray -values ​​coindesk Crypto 5 ETF less than 48 hours after the SEC last week that his conversion from a private individual to listed fund.
The Grayscale ETF owns Bitcoin and Ethereum, the two coins for which Spot ETFs already exist, and also XRP, Solana and Cardano.
Peter Mintzberg, CEO of Grayscale, said that the new ETF approval reflected the advocacy of Grayscale for “public market access, regulatory clarity and product innovation.”
Speed ​​on the market
To take advantage of the new, faster process, an ETF must meet at least one of the three main criteria. If the currency is based on the proposed ETF has already acted on a regulated market or futures contracts regulated by the US Commodity Futures Trading Commission that has traded for at least six months, qualifies.
As an alternative, the existence of another ETF would be bound to that coin that has invested at least 40% of its assets in the cryptocurrency itself instead of options or swaps, opening the door for approval.
The CFTC refused to comment.
“Not all our existing files qualify,” says Kyle Dacruz, director of the product of digital assets at asset manager Vaneck. “The next step is to talk to our lawyers to see which products can move forward and how quickly they will get on the market.”
What remains unclear is the appetite for dozens of crypto-etfs on lesser-known coins and how they can fit into investorsportfolios.
as a reliable and trusted news source“There will be a stream of tokens that many people have never heard of, and instead of years like Bitcoin there will be weeks or months to offer that training,” Dacruz said.
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