A wave of cryptocurrency exchange-traded funds is poised to launch soon, as confirmed by Bloomberg Intelligence Senior ETF Analyst Eric Balchunas. The SEC’s generic listing standards for crypto-based ETFs have guaranteed approval for pending applications tied to assets like Cardano, Litecoin, Solana, and XRP.

The SEC requested withdrawal of 19b-4 filings related to ETF applications, signaling a shift away from the traditional approval process. Balchunas noted that the new generic listing standards eliminate the need for 19b-4 filings and associated approval windows, streamlining the process with only S-1 registration filings required.

Balchunas anticipates imminent approval of Solana-linked ETFs, citing multiple amendments to registration statements as a positive sign. Matt Hougan of Bitwise Investment believes the launch of Solana ETFs will kickstart a “Solana season,” attributing the potential success to increased demand and inflows into the asset.

Before the recent changes, deadlines for SEC decisions on ETF applications tied to Litecoin, Solana, and XRP were set for October. Balchunas advised investors to be prepared for potential approvals, as the new generic listing standards have streamlined the process for spot cryptocurrency ETF applications.

Read more at Yahoo Finance: ‘The Baby Could Come Any Day,’ Bloomberg Analyst Says Litecoin, Solana And XRP ETF Approval Odds Now At 100%