XRP

Will XRP, Solana, and Litecoin ETFs Hit the Market This Week? Analyst Says ‘100%’ Approval

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  • SEC’s generic listing standards accelerate crypto ETF approvals.
  • Litecoin, Solana, XRP ETFs now near 100% chance of approval.
  • Over 100 new crypto ETFs could launch in the next 12 months.

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The U.S. Securities and Exchange Commission (SEC) is on the verge of approving a wave of new spot crypto exchange-traded funds (ETFs), signaling a potential landmark moment for digital asset investing. Analysts now see approval as nearly guaranteed following the SEC’s adoption of generic listing standards, which have streamlined the regulatory process.

Generic Listing Standards Accelerate Crypto ETF Approvals

Previously, crypto ETF applications were subject to the SEC’s 19b-4 filing process, which set formal deadlines for approval. However, the agency’s new generic listing standards have rendered the 19b-4 clock largely irrelevant. This fast-track approach allows exchanges like Nasdaq, NYSE Arca, and Cboe BZX to list and trade crypto ETFs without submitting new 19b-4 forms, provided the assets meet criteria such as having a futures contract listed on a designated contract market for at least six months.

Bloomberg Senior ETF Analyst Eric Balchunas described the odds of approval for major ETFs—including Litecoin, Solana, and XRP—as “100%,” noting that filings now only await the SEC’s formal go-ahead. The change effectively removes prior timing restrictions and gives the SEC flexibility to approve or deny applications at any moment.

Dozens of Crypto ETFs Await the Green Light

Since the debut of U.S. spot Bitcoin and Ethereum ETFs earlier in 2024, dozens of new spot crypto ETF applications have been submitted. Alongside Bitcoin, Ethereum, Litecoin, Solana, XRP, Dogecoin, Cardano, Polkadot, Hedera, and Avalanche ETFs are among the funds poised for launch. With Paul Atkins assuming the SEC chairmanship in April and promising a more crypto-friendly stance, the market could see significant expansion.

Balchunas projects that the new generic listing standards could lead to over 100 crypto ETFs hitting U.S. markets within the next year, a surge reminiscent of prior ETF rollouts in stocks and bonds.

Also Read: BlackRock Amends Bitcoin & Ethereum ETFs as SEC Rules Accelerate Crypto Listings

What This Means for Investors

For retail and institutional investors, the SEC’s move could unlock broader access to a range of crypto assets through regulated ETFs. Faster approvals mean more diversified portfolios, easier market entry, and increased liquidity in the crypto investment space.

The SEC’s adoption of generic listing standards signals a pivotal moment for U.S. crypto markets. With approval odds near certainty, investors can expect a surge of new spot crypto ETFs, reshaping how digital assets are traded and invested in the coming months.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Andrew Chen

I'm a crypto enthusiast with a background in finance. I'm fascinated by the potential of crypto to disrupt traditional financial systems. I'm always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.

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