YEREVAN (CoinChapter.com) — The U.S. Securities and Change Fee (SEC) acknowledged about six new crypto ETF filings just lately. These acknowledgments appeared in filings dated Feb. 19 and 20, submitted by exchanges together with Nasdaq ISE and Cboe BZX.
The proposals embrace crypto staking, crypto choices, and altcoin ETFs. The SEC’s consideration to those filings displays a rise in exercise since President Donald Trump started his second time period on Jan. 20.
This improvement follows the launch of two crypto index ETFs earlier in February. Analysts imagine extra crypto ETFs shall be accepted all through 2025.
Nasdaq and Cboe Submit Crypto ETF Proposals
Nasdaq ISE proposed modifications involving crypto choices associated to BlackRock’s iShares Bitcoin Belief (IBIT). IBIT holds practically $57 billion in belongings, making it the most important crypto ETF targeted on Bitcoin.
Cboe BZX filed to record crypto choices on Grayscale’s and Bitwise’s Ether ETFs. Whereas the SEC already accepted choices for Bitcoin ETFs, it has not but accepted them for Ether ETFs.
Moreover, Cboe requested permission to record new XRP ETFs by Canary and WisdomTree. The change additionally seeks approval for in-kind redemptions for Constancy’s Bitcoin and Ether ETFs, and needs to permit 21Shares’ Ether ETF to make use of crypto staking on a few of its ETH holdings.
The SEC requested public feedback on a number of filings by Cboe BZX, particularly these involving crypto staking and in-kind redemptions. The SEC has proven a rising curiosity in crypto staking just lately.
Eleanor Terrett, a reporter from Fox Enterprise, stated on Feb. 20 that the SEC is “very, very interested” in crypto staking. In accordance with Terrett, her supply expects the SEC to problem steering on staking quickly.
In-Sort Redemptions and Their Significance
In-kind redemptions let traders change ETF shares for underlying belongings straight. This methodology is thought for its tax effectivity. Many ETF suppliers and traders favor this strategy, however the SEC has not but accepted in-kind redemptions for crypto ETFs primarily based on spot costs.
The present filings recommend the SEC would possibly change this stance quickly.
Excessive Approval Odds for Altcoin ETFs
Bloomberg Intelligence provides a 65% likelihood for the approval of an XRP ETF within the U.S. For different altcoin ETFs, approval odds are even larger: Litecoin ETFs at 90% and Solana ETFs at 70%.
On Feb․ 14, the SEC acknowledged Cboe BZX‘s request to list 21Shares’ XRP ETF, signaling doable openness to extra altcoin ETFs.
Latest Launches Help Crypto ETF Market
On Feb․ 19, Coinbase launched Solana futures contracts on its regulated derivatives change within the U.S. Futures markets can strengthen crypto ETF purposes by offering dependable pricing.
On Feb․ 20, Franklin Templeton launched an ETF combining spot Bitcoin and Ether. That is the second crypto index ETF launched within the U.S. after Hashdex launched its Nasdaq Crypto Index US ETF (NCIQ) on Feb․ 14.
SEC Shift Beneath Trump and Present Modifications
Beneath former President Joe Biden in 2024, the SEC allowed spot Bitcoin and Ether ETFs after years of delay. Different varieties of crypto ETFs remained restricted. Nevertheless, with current modifications underneath Trump’s second time period, the SEC seems extra receptive to reviewing numerous crypto ETF proposals.