SEC Launches New Crypto ETF Framework, Altcoin Spot ETFs Could Be Approved Anytime

TradingKey – The SEC rolls out a simplified standard for crypto ETFs, with Bloomberg analysts saying SOL spot ETF approval is imminent.

On Tuesday, the U.S. Securities and Exchange Commission (SEC) updated its official guidance, confirming that 19b-4 filings for altcoin ETFs — including ADA, SOL, and XRP — have been withdrawn. Under the new framework, issuers now only need to submit an S-1 registration form to proceed.

Bloomberg ETF analyst Eric Balchunas commented on the shift, saying, “The universal listing standard renders the 19b-4 process and its timeline meaningless. Now it’s all about the S-1. The baby could be born any moment—get ready.” He emphasized that the approval odds for a SOL spot ETF are now close to 100%.

According to prediction platform Polymarket, as of press time, the market assigns a 95% probability to ADA spot ETF approval and 94% to Litecoin (LTC). Litecoin founder Charlie Lee recently stated in an interview that a spot LTC ETF is “coming very soon.”