Analysis: US SEC to Open the Floodgates for SOL, XRP, and Other Cryptocurrency ETFs

Analysts believe that the SEC's latest guidance may attract a large number of applications for cryptocurrency exchange-traded funds (ETFs) that invest in Solana, $XRP, and even the Trump Meme coin TRUMP. This is in stark contrast to the previous leadership that attempted to block the approval of Bitcoin ETFs. The guidance from the new SEC Chairman Paul Atkins provides asset management companies with more details on how to obtain SEC approval for cryptocurrency-linked exchange-traded products. While the guidance is not a formal rule, it reflects the SEC's current administration's more proactive approach to cryptocurrency regulation. (Fortune) [Odaily Planet Daily]