SEC Greenlights New ETF Standards, Opening Door for Altcoin ETFs

Wall Street's crypto embrace just widened—dramatically.

The SEC's new ETF framework shatters barriers for alternative digital assets. No longer confined to bitcoin, institutional money now floods into altcoins through regulated channels.

Market impact? Immediate and massive.

Expect liquidity surges across Ethereum, Solana, and other major altcoins as fund managers scramble to build diversified crypto baskets. The approval signals regulatory maturity—or perhaps just Wall Street finally realizing where the real alpha hides.

Traditional finance veterans shrug: 'Another product to fee-optimize.' Meanwhile, crypto natives cheer the legitimization wave. Either way, the gates swing open wider.

Just remember—every financial innovation eventually gets repackaged and sold back to you at a 2% management fee.

Grayscale Leads With First Multi-Crypto ETF

Grayscale secured a first-mover advantage as its Digital Large Cap Fund (GDLC) was approved under the new standards. The fund includes Bitcoin, Ethereum, XRP, Solana, and Cardano, making it the first diversified multi-crypto ETF in the U.S.

“Grayscale Digital Large Cap Fund $GDLC was just approved for trading… with Bitcoin, Ethereum, XRP, Solana, and Cardano,” Grayscale CEO Peter Mintzberg confirmed.

ETF analysts noted this milestone signals a shift toward broader portfolio products rather than single-asset ETFs. Bloomberg’s Eric Balchunas estimated that 12–15 cryptos could soon qualify under the SEC’s framework, provided they have established regulated futures trading for at least six months.

Altcoin ETFs Considered Imminent

Beyond the majors, other altcoins are lining up for potential ETFs. Dogecoin (DOGE), Litecoin (LTC), and chainlink (LINK) already meet the key requirement of regulated futures trading on Coinbase Derivatives.

Solana, for instance, became eligible on August 19, six months after its futures launch. The Chainlink community has also expressed optimism, with both Bitwise and Grayscale filing LINK ETF applications.

Meanwhile, the Litecoin Foundation has welcomed the decision, seeing it as a pathway for LTC listings in U.S. markets. Even Hedera (HBAR) is gaining attention, with investors speculating on its ETF prospects.

Industry watchers describe the SEC’s MOVE as a turning point for crypto, one that reduces regulatory friction and boosts market confidence. As ETF analyst James Seyffart put it, “We’re gonna be off to the races in a matter of weeks.”

With the SEC’s greenlight, the question is no longer if altcoin ETFs will launch, but which will debut first.

Cover image from ChatGPT, ETHUSD chart from Tradingview