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- SEC’s acknowledgment of Solana, Litecoin, and XRP ETFs signals growing acceptance of diverse crypto investment products.
- Leadership shifts at the SEC may pave the way for broader crypto ETF approvals, sparking optimism among investors.
In a notable shift within the U.S. regulatory landscape, the Securities and Exchange Commission (SEC) has recently acknowledged filings for exchange-traded funds (ETFs) linked to cryptocurrencies such as Solana (SOL), Litecoin (LTC), and XRP. This development signals a potential broadening of crypto-based investment products under the current administration.
SEC Acknowledges Solana ETF Filing
A landmark moment for crypto investors was reported by CNF Post, highlighting that spot Bitcoin ETFs awaited an SEC verdict as the approval window began in November 2023. On February 6, 2025, the SEC officially recognized Grayscale’s amended application for a spot Solana ETF.
This acknowledgment is particularly significant, as previous filings for Solana ETFs were not entertained by the SEC. Analysts view this as a notable shift, suggesting a possible change in the SEC’s stance toward cryptocurrencies previously classified as securities.
The SEC now has until October to reach a decision on this matter. Historically cautious, the regulatory body had previously declined multiple Solana-related filings but revisited its stance due to recent governing shifts within the agency, as reported by a recent IOTA official news update.
In addition to Solana, the SEC has also acknowledged filings for Litecoin ETFs. Grayscale’s Litecoin ETF applicationhas been recognized, indicating that the SEC is open to considering investment products beyond major cryptocurrencies like Bitcoin and Ethereum.
Implications of SEC’s Acknowledgment
While these acknowledgments do not guarantee approval, they signal a more receptive attitude from the SEC toward a broader range of crypto-based ETFs. This shift is seen as a direct result of leadership changes within the commission, fostering optimism among crypto advocates for a more inclusive regulatory environment.
Here are the three cryptocurrencies most involved: First. Solana (SOL) is trading at approximately $199.26, reflecting a slight increase of 0.44% over the past 24 hours. The day’s trading range has seen a high of $200.23 and a low of $188.04. Secondly. Litecoin (LTC) is currently priced at $104.99, experiencing a decrease of 0.84% in the same period, with an intraday high of $106.70 and a low of $99.88. (3).
Lastly, XRP stands at $2.42, reflecting a 1.54% increase in the past day and a 20.71% decrease over the past week. See the XRP price chart below.
