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SEC Shift Puts Altcoin ETFs on Fast Track, With Solana Decisions Expected Within Days

The SEC’s generic listing standards move the last hurdle to S-1 effectiveness, placing Solana and other altcoin ETFs within days of possible approval.

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Bloomberg analyst forecasts 100% chance of SOL ETF approval
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Overview

  • Issuers of proposed XRP, SOL, ADA, LTC and DOGE spot funds were told to withdraw Form 19b-4s after the SEC adopted generic listing standards.
  • Exchanges including Nasdaq, Cboe BZX and NYSE Arca can now list qualifying crypto ETPs under those rules, with S-1 effectiveness by Corporation Finance as the remaining gate; the SEC has already used the framework to approve Grayscale’s GDLC.
  • Multiple asset managers filed fresh Solana S-1/A updates—several at Amendment No. 4—supporting expectations of approvals as early as Oct. 6–10, according to issuer sources and market analysts.
  • Analysts Eric Balchunas and James Seyffart say approval odds are effectively 100% and predict a wave of new crypto ETFs, while Commissioner Caroline Crenshaw warned these products are nascent and carry unique spot‑market risks.
  • A potential U.S. government shutdown or slower Corp Fin sign-offs could still delay listings, and details such as whether funds will include staking remain unresolved in recent filings.