As is understood, the US Securities and Change Fee (SEC) made an necessary transfer yesterday that paved the way in which for altcoin ETFs.
In response to a report by Fox Enterprise reporter Eleanor Terrett, the SEC yesterday requested spot ETF issuers for Litecoin (LTC), Ripple (XRP), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) to withdraw their current 19b-4 filings.
It was said that this request was made throughout the scope of the not too long ago authorized “basic itemizing requirements” and that the standard ETF approval course of is now not legitimate.
The SEC’s request was met with fast response, and 19b-4 filings for eight altcoin ETFs, together with XRP and Solana, had been withdrawn.
In response to info on the SEC’s web site, ETF issuers Solana withdrew their 19b-4 filings for XRP, Cardano, Litecoin, Dogecoin, Polkadot (DOT), Hedera (HBAR), and Ethereum (ETH) Staking ETFs in accordance with basic itemizing requirements.
It’s said that this transfer by the SEC paves the way in which for ETF approvals for main cryptocurrencies resembling XRP, Solana and Litecoin, aside from Bitcoin and Ethereum.
At this level, it’s even said that altcoin ETF approvals could come at any time beginning this week.
*This isn’t funding recommendation.
