Key Points
- The SEC under the current administration accepts various applications for crypto ETFs.
- These latest acknowledgments came following an acceptance of Grayscale’s SOL ETF filing.
According to the latest reports, the US SEC under the Trump administration continues to accept more crypto ETF filings. The latest ones are Grayscale’s applications for an XRP ETF and a DOGE ETF.
Bloomberg’s analyst James Seyffart highlighted that, under the previous US administration, the SEC wouldn’t have accepted these applications.
US SEC Acknowledges Grayscale’s Filings for new ETFs
In a recent post on X, Seyffart announced that the SEC acknowledged Grayscale and NYSE’s 19b-4 filing to list an XRP ETF.
According to him, this was mostly expected, but official acceptance means that “the clock will start soon for this and Dogecoin.”
He also shared the official filing dated February 13.
Bloomberg’s analyst had also previously announced that the SEC acknowledged Grayscale’s Dogecoin ETF filing.
Seyffart also highlighted that, under the Biden administration, the regulator would have never acknowledged such filings.
SEC Also Acknowledged Grayscale’s SOL ETF Filing
He brought up Solana filings denied as recently as December, highlighting that the current SEC moves mirror a chance for the allowance of more crypto ETFs going live.
On February 7, we reported that the regulator had also acknowledged Grayscale’s Solana ETF 19b-4 filing and the final deadline for the application would reportedly be sometime in October.
This was an important move forward, considering that SOL has been previously accused of being a security, something that was also highlighted by Bloomberg’s analyst Eric Balchunas.
Seyffart also said that the SEC’s latest moves signify a positive sign for any entity that faces an active lawsuit in which the regulator claims that SOL is a security.
If more crypto ETFs were accepted by the SEC to go live, this would mirror an open door for more institutional investments in crypto.
It’s also worth noting that today, the DOGE price is up by over 3% and XRP surged by over 10%.
