SEC Move Paves Way for Crypto ETFs to Hit the Market Faster
Until now, many ETF applications have been stalled as the SEC has extended review periods to examine details more closely.
Among the most closely watched applications are the Solana ETFs, put forward by major asset managers including Bitwise, VanEck, Fidelity, Canary, 21Shares, and Invesco Galaxy. The same applies to proposals centered on XRP. This proposal was submitted by firms such as Bitwise, Franklin, WisdomTree, Canary, CoinShares, and 21Shares.
Other funds are also affected by this regulatory turn. Canary’s HBAR ETF, CoinShares, and Canary’s Litecoin products, and 21Shares’ Polkadot ETF are now all positioned in the same spotlight.
The withdrawal decision follows the approval of new listing rules for digital asset ETFs, which streamline how crypto ETFs are listed and traded. This new rule is set to officially take effect on October 1.
One of the first results of this shift is already visible: the Canary spot Litecoin ETF, which is set to list on Nasdaq in the coming days. This marks a practical example of how the streamlined rules will allow digital asset ETFs to come to market more quickly.
Ethereum ETFs With Staking Gain Momentum Under New SEC Rules
The regulator’s shift is not limited to Solana, XRP, or Litecoin. Ethereum ETFs that include staking features have also moved forward.
Staking gives investors the chance to earn rewards directly from the blockchain networks they support. Major asset managers such as BlackRock, Fidelity, and VanEck already have proposals in motion to bring this feature into regulated products.
Stock exchanges such as Nasdaq and NYSE Arca have updated their filings to fit the new rules. Meanwhile, the REX‑Osprey ETH Staking ETF has already launched under the Investment Company Act of 1940. This fund offers direct spot exposure to Ethereum with staking rewards included.
Markets React with Confidence
Crypto prices reacted quickly to the SEC’s actions. XRP rose 4% in the last 24 hours, reaching $2.90, up from a low of $2.77.
Solana rebounded strongly to $210, gaining over 3%, helped by a sharp increase in trading activity. Hedera also moved higher, rising more than 2% to $0.2152. The sharp increases in both prices and trading volumes highlight growing confidence among traders that ETF approvals are now within reach.
Many say October will be a defining month for the crypto ETF landscape in the United States. With final deadlines approaching, investors and institutions are watching closely to see which products gain approval first. Industry leaders believe Solana ETFs are likely to lead the way.