Overview
- The SEC asked issuers to withdraw pending 19b-4 proposals for Solana, XRP, Cardano, Dogecoin and Litecoin, and the agency also pulled remaining delay notices.
- Under the new framework, Nasdaq, NYSE Arca and Cboe BZX can list qualifying crypto commodity ETPs using standardized rules, leaving SEC Division of Corporation Finance approval of S-1s as the key hurdle.
- Solana ETF sponsors including VanEck and 21Shares filed new S-1/A updates—some marked Amendment No. 4—indicating late-stage registration work.
- Bloomberg’s Eric Balchunas now puts approval odds for Solana, XRP and other spot altcoin ETFs at 100%, while noting launch timing hinges on S-1 effectiveness and exchange listing mechanics.
- Analysts anticipate multiple approvals within weeks, flagging the potential for pre-launch speculation and post-listing pullbacks, with a possible government shutdown cited as a timing risk.