SEC Streamlines Altcoin ETF Approval Process, New XRP ETFs Expected

The Securities and Exchange Commission (SEC) recently introduced new guidelines aimed at accelerating the approval of cryptocurrency exchange-traded funds (ETFs), opening the door for a wave of new products. These changes streamline the process for issuers to expedite registrations, allowing for faster market entry for altcoin ETFs. This news comes on the heels of Bitwise’s XRP ETF launch and is expected to spark further activity within the sector.