The U.S. Securities and Exchange Commission (SEC) has taken steps to advance several crypto-related exchange-traded fund (ETF) applications, including those for Litecoin (LTC) and Solana (SOL). On February 6, 2025, the SEC acknowledged applications from Grayscale for Solana and Litecoin ETFs, meaning the SEC now has until October to either approve or deny these applications. This marks a significant change as it is the first time the SEC has acknowledged an ETF filing for a cryptocurrency previously deemed a 'security.' The SEC also recognized filings for XRP ETFs from issuers like Bitwise, 21Shares, Canary Capital, and WisdomTree, reflecting a more crypto-friendly stance from the agency under new leadership. This shift indicates increased confidence from companies to expand their ETF offerings beyond just Bitcoin and Ether, paving the way for broader acceptance of cryptocurrencies in traditional finance.

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