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SEC's guidelines pave the way for alternative cryptocurrency ETFs, signaling a move toward mainstream acceptance of digital assets

SEC's guidelines pave the way for alternative cryptocurrency ETFs, signaling a move toward mainstream acceptance of digital assets

Bitget-RWA2025/09/25 09:08
By:Coin World

- SEC approves Hashdex ETF expansion to include XRP, SOL, XLM alongside BTC/ETH under new generic listing standards. - XRP (6.9-7.1%) and SOL (4.1-4.3%) gain regulated exposure as SEC cuts ETF approval timelines from 270 to 75 days. - Market analysts predict 30+ new crypto ETFs by Q4 2025, with SOL/XRP products potentially launching in October. - Institutional investors now access diversified crypto assets via regulated vehicles, though legal reviews remain for some filings. - SEC's framework aims to posit

SEC's guidelines pave the way for alternative cryptocurrency ETFs, signaling a move toward mainstream acceptance of digital assets image 0

The U.S. Securities and Exchange Commission (SEC) has granted approval for the Hashdex Nasdaq Crypto Index US ETF (NASDAQ: NCIQ) to broaden its portfolio, now permitting the inclusion of

, (SOL), and (XLM) in addition to (BTC) and (ETH), under recently established generic listing guidelines. Finalized on September 24, 2025, this decision represents a major development in regulated digital asset investment, with XRP receiving an allocation of 6.9–7.1%, at 4.1–4.3%, and at 0.33–0.35%. Bitcoin and Ethereum continue to dominate, comprising 72.5–72.7% and 14.8–14.9% of the fund, respectively title1 [ 1 ] title2 [ 2 ] title3 [ 3 ]. The revised trust arrangement, submitted via Form 8-K, complies with Nasdaq’s updated standards, making it easier for the ETF to meet the SEC’s latest regulatory requirements title4 [ 4 ].

The SEC’s new generic listing standards, introduced on September 17, 2025, have shortened the approval process for commodity-based ETFs from 270 days to just 75 days, eliminating the need for individual reviews for qualifying products. To be eligible, assets must either be traded on regulated exchanges, have CFTC-regulated futures active for at least six months, or be included in another ETF with a minimum of 40% direct allocation title5 [ 5 ]. With these changes, Hashdex’s updated ETF, now classified as an “emerging growth company,” is able to broaden its holdings, reflecting a rising institutional appetite for diversified crypto investments title11 [ 6 ]. Experts anticipate as many as 30 new crypto ETFs launching soon, with products focused on SOL and XRP possibly debuting as early as October 2025 title12 [ 7 ].

The addition of XRP, SOL, and XLM to a U.S.-listed ETF marks a significant achievement for altcoins, which have long faced regulatory obstacles. XRP’s inclusion comes after the recent approval of the REX-Osprey XRP ETF, highlighting growing acceptance of digital assets beyond BTC and ETH. Steven McClurg from Canary Capital Group remarked that asset managers are moving quickly, with “a dozen” applications already filed with the SEC title2 [ 8 ]. Jonathan Groth of DGIM Law expects a “boom time” for crypto ETFs in the fourth quarter of 2025, while Teddy Fusaro, President of Bitwise, pointed out that most applications are nearing the end of their review process title4 [ 9 ].

This regulatory approval has been met positively by market participants, who see it as a step toward broader adoption. Nate Geraci of NovaDius Wealth Management highlighted the ETF’s importance in expanding access to crypto, noting it “finally brings altcoins like XRP, Solana, and Stellar into the ETF space” title1 [ 10 ]. Institutional investors, such as pension funds and banks, can now gain exposure to these assets through regulated channels, which could enhance liquidity and price stability. Nonetheless, Kyle DaCruz of VanEck warned that not all current filings meet the new criteria, and further legal assessments are needed to determine which products will qualify title2 [ 11 ].

The SEC’s move is consistent with wider efforts to incorporate digital assets into the traditional financial system. SEC Chair Paul Atkins has stressed the agency’s commitment to making the U.S. a leader in digital finance by providing clear regulations. For example, Grayscale Investments quickly converted its private fund into a public ETF (GDLC.P) within 48 hours of the SEC’s announcement, demonstrating confidence in the updated regulatory landscape title2 [ 12 ]. Analysts believe this approval could trigger a surge in multi-asset ETFs, with Amplify ETFs already submitting an application for a SOL and XRP Monthly Income ETF aimed at generating both income and capital growth title5 [ 13 ].

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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