The U.S. Securities and Exchange Commission (SEC) has taken steps towards approving new crypto exchange-traded funds (ETFs) for assets such as Litecoin and Solana. The SEC acknowledged a filing by Grayscale for a Solana ETF, marking the first time an ETF filing for a cryptocurrency previously deemed a security has been acknowledged. The SEC also acknowledged other crypto ETF-related applications, including Grayscale's filing for a Litecoin ETF and BlackRock's proposal for in-kind creations and redemptions on an iShares Bitcoin ETF. Additionally, Cboe filed to list and trade shares of four separate ETFs that track the price of XRP. These developments suggest companies are more comfortable expanding beyond Bitcoin and Ether ETF products under the current SEC administration.



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