{"id":11691,"date":"2025-09-24T20:47:05","date_gmt":"2025-09-24T20:47:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-xrp-first-in-line-as-sec-fast-tracks-altcoin-etfs\/"},"modified":"2025-09-24T20:47:09","modified_gmt":"2025-09-24T20:47:09","slug":"solana-xrp-first-in-line-as-sec-fast-tracks-altcoin-etfs","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-xrp-first-in-line-as-sec-fast-tracks-altcoin-etfs\/","title":{"rendered":"Solana, XRP first in line as SEC fast-tracks altcoin ETFs"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Crypto is racing to Wall Street as Solana and XRP ETFs are widely expected to hit the market as soon as October.<\/p>\n<div id=\"cn-block-summary-block_d0cc79c53470ff5d3b7aff0db48ae43a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Following newly shortened SEC approval timelines, financial firms including Canary Capital and VanEck are updating filings to launch the first altcoin ETFs. <\/li>\n<li>The accelerated regulatory process reportedly reduces the review from 270 to 75 days.<\/li>\n<li>This could usher in a wave of Solana- and XRP-linked products, marking a significant step toward mainstream institutional access to crypto markets.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Financial institutions are lining up to launch crypto exchange-traded funds, following new listing rules, Reuters reported on Wednesday, Sept. 24. Notably, these firms are scrambling to meet the updated Securities and Exchange Commission\u2019s standards, which were approved a week prior. <\/p>\n<p>Notably, the U.S. Securities and Exchange Commission (SEC) has slashed the timeline for approvals from 270 days to as little as 75 days.<\/p>\n<p>The first altcoin ETFs are reportedly set to launch as soon early as October. These will likely be ETFs that are tied to Solana (SOL) and XRP (XRP) cryptocurrencies. Several prospective ETF firms are updating their filings to the SEC, including Canary Capital, VanEck and more.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe\u2019ve got about a dozen filings with the SEC now, and more coming,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/archive.is\/20250924111224\/https:\/\/www.reuters.com\/legal\/government\/crypto-etfs-set-flood-us-market-regulator-streamlines-approvals-2025-09-24\/\" target=\"_blank\" rel=\"nofollow\">said<\/a> Steven McClurg, founder of Canary Capital Group, one of the pioneers in crypto ETFs. \u201cWe\u2019re all getting ready for a wave of launches.\u201d<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Firms scramble to update their ETF filings <\/h2>\n<p>The final wave of updated filings could arrive by this week, with managing firms highlighting new regulatory changes. According to Teddy Fusaro, president of Bitwise, the filings are already far along in the review process.<\/p>\n<p>Still, to qualify for the expedited process, an ETF has to meet certain criteria. For one, the underlying asset must already be traded on a regulated market or have regulated futures contracts for at least six months.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNot all of our existing filings qualify,\u201d said Kyle DaCruz, director of digital assets product at asset manager VanEck. \u201cThe next step is to talk to our lawyers to see which products can move forward and how rapidly will they get onto the market.\u201d<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto is racing to Wall Street as Solana and XRP ETFs are widely expected to hit the market as soon as October. Summary Following newly shortened SEC approval timelines, financial&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11691"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11691\/revisions"}],"predecessor-version":[{"id":11692,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11691\/revisions\/11692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4780"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}