The US stock and values commission took the first step to allow new credit funds with Crypto Exchange (ETF) that track the price of assets such as Litecoin and Solana, as well as new ways of redeeming the funds of existing cryptographic ETFs On Thursday, while the companies took another pass towards the launch of ETF XRP in an additional signal of the new most friendly cryptographic administration in the agency.
On an early Thursday, the SEC recognized a presentation of Grayscale for a Solana (Sol) ETF, which means that the commission now has until October to approve or deny the application.
The SEC had previously refused to recognize several applications for the monitoring of Etfs Sol and had told CBOE to eliminate its 19B-4 of those ETF.
Eric Balchunas, Senior ETF analyst at Bloomberg Intelligence, said the recognition was “remarkable”, since it is the first time that the SEC has recognized an ETF that presents a cryptocurrency that was previously considered a “security.”
“Now we are in a new territory, although only a passage for babies, but apparently the direct result of leadership change,” he wrote in an X publication.
The SEC also recognized a series of other requests related to the cryptographic ETF on Thursday, including the presentation of Grayscale for an ETF of Litecoin (LTC), as well as Blackrock’s proposal to allow creations and refunds in type in type in the ETF of ETF of Ishares Bitcoin.
During the afternoon of the USA, CBOE was presented to the list and markets separate ETF shares that seek to track the price of XRP (XRP).
The exchange presented four 19B-4 documents to the SEC on Thursday, for the possible ETF of Bitwise, 21Shares, Canary Capital and Wisdomtree.
The four issuers had previously presented S-1, which are the first step to bring an ETF to the market.
While Thursday’s actions do not necessarily guarantee that the SEC will approve all these products, they do show that companies feel more comfortable with the expansion beyond Bitcoin and ETF products with the current administration of the SEC.
