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SEC Removes Delays, Streamlines Path for Solana and Other Crypto ETFs

New generic listing standards let exchanges list qualifying funds without 19b-4 filings.

Overview

  • Issuers were asked to withdraw 19b-4 forms after the SEC’s rule change, with CoinDesk reporting approvals could now arrive faster though timing remains uncertain.
  • Roughly 16 ETF applications face October deadlines, including products tied to Solana, XRP, Litecoin and Dogecoin, starting with Canary’s Litecoin ETF due October 2.
  • Major managers filed amended S-1s for spot Solana ETFs that include staking features, and 21Shares submitted a fresh update refining staking and operational details.
  • Bitwise filed a Form 8-A for its proposed Solana ETF, a procedural step positioning the fund to list once its S-1 is cleared.
  • Existing staking products show demand signals, with Bitwise’s European Solana ETP taking in about $60 million in five days and the REX‑Osprey Solana Staking ETF building sizable U.S. assets.