SEC's Updated Regulations Propel Growth of Altcoin ETFs, Accelerating Transformation in the Crypto Market
- SEC approves Hashdex ETF to include XRP, Solana, and Stellar under new generic listing standards. - New rules reduce approval timelines from 270 to 75 days, spurring 90+ pending ETF applications. - XRP becomes third-largest holding at 7.11%, signaling broader institutional adoption of altcoins. - Market reacts positively, with REX-Osprey XRP ETF hitting $37.7M debut-day volume. - Challenges remain in stablecoin regulation and tax frameworks despite regulatory modernization.
The U.S. Securities and Exchange Commission (SEC) has granted approval for the Hashdex Nasdaq Crypto Index ETF (NCIQ) to broaden its asset base beyond
The SEC’s generic listing framework, introduced on September 17, 2025, sets uniform standards for crypto ETFs, allowing for faster approvals of funds that meet requirements such as trading on regulated exchanges or having CFTC-supervised futures for at least six months SEC Clears Hashdex ETF To Hold XRP, Solana, Stellar, and More [ 1 ]. This policy has led to a surge in applications, with more than 90 filings pending across 24 tokens and various index funds. Experts predict a wave of approvals in October 2025, especially for Solana and XRP ETFs, as companies like Fidelity and Grayscale approach regulatory deadlines SEC Clears Hashdex ETF To Hold XRP, Solana, Stellar, and More [ 1 ]. The expansion of the Hashdex ETF is expected to encourage greater institutional participation in altcoins, and the inclusion of XRP and Solana could set the stage for future spot ETF approvals Hashdex Crypto Index ETF Comprising BTC, ETH, XRP, SOL Gets … [ 3 ].
The ETF’s current portfolio consists of Bitcoin (72.5%), Ethereum (14.8%), XRP (6.93%), Solana (4.3%), and
Market response has been strong, with the REX-Osprey XRP ETF (XRPR) achieving a record $37.7 million in trading volume on its first day SEC Clears Hashdex ETF To Hold XRP, Solana, Stellar, and More [ 1 ]. Industry leaders such as Bitwise and VanEck have observed that increased competition could lower fees and improve investor access SEC Clears Hashdex ETF To Hold XRP, Solana, Stellar, and More [ 1 ]. Nevertheless, some filings still fall short of the new requirements, and regulatory guidance on stablecoins and tax policies is still developing U.S. Senate Schedules Crypto Tax Hearing, Industry Leaders [ 7 ].
The approval of the Hashdex ETF highlights a broader movement toward regulatory modernization in the crypto industry, with the SEC’s streamlined procedures encouraging innovation. As more than 30 new spot ETFs are expected to launch soon, the industry’s attention is turning to compliance and the opportunities presented by increasing institutional investment.
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