As the Fed makes a rate decision, there's notable activity in the crypto ETF space with new proposals involving Solana and XRP surfacing shortly after the launch of US spot bitcoin and ether ETFs in 2024. Recent filings include leveraged ETFs linked to ten different crypto assets and a proposed Bitwise ETF. The SEC's stance remains pivotal, as its rejection of the Winklevoss bitcoin ETF in 2018 set a precedent requiring a regulated market of significant size for approval. Currently, only BTC and ETH have this status, raising questions about the chances of SOL and XRP futures contracts being introduced by CME Group. As the SEC navigates these new proposals, it is expected that each will undergo a detailed case-by-case evaluation alongside CFTC guidelines. The agency has not publicly communicated any shifts in its regulatory approach, leaving uncertainty regarding the future of these ETFs.

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