“Altcoin etf Summer” in the work – See the new second guidance

We look forward to what some analysts call the potential “Altcoin ETF summer” as the Securities and Exchange Commission (SEC) takes clear steps to overhaul the crypto investment product approval process.

With 54 Crypto ETF applications currently registered in files, the latest shift in SEC strategies to create standardized frameworks is to encourage speculation that a new era of digital asset products is on the horizon.

SEC’s new streamlined ETF approval process

According to a Reuters report, the SEC’s 12-page disclosure guidance released last Tuesday shows a significant deviation from past stances. Instead of relying on a slow, case-by-case basis for approval, agents are committed to creating long-term regulatory frameworks.

An important part of this is the development of a new listing process that can replace the time-consuming 19B-4 exemption form currently required for all new cryptographic ETFs. The change could reduce the launch schedule for new funds from up to 240 days to just 75 days. Exchanges such as Nasdaq and Cboe are in ongoing discussions with the SEC to finalise details.

The first phase of this overhaul began last Tuesday with the release of a 12-page disclosure guidance document. We believe this is seen by industry leaders like Bitise Cio Matt Hougan as a positive step to confirm that Crypto ETFs are currently being treated as mainstream financial products.

Exposure competition: Creative workarounds emerge

The SEC completes a broader framework, but some publishers are finding creative ways to gain the advantage of FirstMovers. Rex Financial and Osprey Funds recently debuted the Rex-Soprey Sol + Staking ETF (SSK.Z). It offers indirect exposure to Solana, the sixth largest cryptocurrency by market capitalization.

This ETF structure allows Rex to bypass the SEC commodity rules by investing in an offshore fund that owns Solana. It also leverages staking to provide yields and gives a strategic edge. CEO Greg King confirmed that the fund had raised $12 million in assets on the first day of trading on July 1.

Crowded race for Spot ETF approval

The pending application pipeline includes ETFs of a wide range of assets, including Solana, XRP, Dogecoin and even Trump-themed meme coins.

The publisher doesn’t expect a direct spot ETF launch before the SEC releases its second guidance in the fall, but the agency’s new, more structured approach has created a clear sense of optimism that a new Altcoin ETF may be ongoing.