Solana News Today: SEC New Listing Standard May Fast-Track Altcoin ETF Approvals

The U.S. Securities and Exchange Commission (SEC) has introduced a new general listing standard aimed at expediting the approval of altcoin ETFs by linking eligibility to Futures market activity. Under this framework, assets with at least six months of Futures trading on Coinbase—known for its broader altcoin Futures offering than the CME—may qualify for faster ETF approvals. This development could enable multiple altcoin ETFs to launch by September or October 2025, with Solana (SOL) and Ripple (XRP) among the most prominent candidates [1].

Experts suggest that the timing of Futures trading activity will play a decisive role in determining which altcoin ETFs gain approval first. For instance, SOL Futures began trading on CME on March 17, 2025, while XRP Futures started on May 19, 2025. Policy analyst Greg Xethalis noted that this earlier start for SOL Futures increases the likelihood that Solana spot ETFs could be approved before XRP ETFs [2]. Senior ETF analysts Eric Balchunas and James Seyffart have also highlighted the significance of this regulatory shift, with Seyffart calling it a “pretty big deal” for the digital asset ETF landscape [3].

The new framework includes an ETF staking provision and is expected to be adopted by major exchanges such as Nasdaq and NYSE, as proposed by the Cboe BZX exchange [4]. This marks a broader shift in regulatory oversight, with the Commodity Futures Trading Commission (CFTC) playing a more influential role in determining which assets are eligible for SEC approval. Futures trading data is used to assess market maturity and risk, making it a key factor in the approval process [5].

The introduction of a general listing standard could represent a turning point in the SEC’s handling of altcoin ETFs. Previously, the agency delayed several altcoin and crypto index ETF applications due to the lack of clear criteria. The new standard aims to provide greater clarity and efficiency, potentially enhancing investor access to altcoin ETFs and encouraging institutional participation [6]. However, regulatory uncertainties remain. While the framework offers a clearer path, the SEC’s cautious approach means that approvals are not guaranteed. Market participants continue to monitor the agency’s actions closely for further guidance [7].

The impact of this regulatory change could extend beyond individual ETFs. By streamlining the approval process, the SEC may foster a more liquid and mature crypto ETF market. This evolution could also signal growing institutional acceptance of digital assets and support the development of diversified crypto investment products [8].

[1] https://en.coinotag.com/secs-new-listing-standards-could-enable-spot-solana-etf-approval-before-xrp-by-q4/