BREAKING: SEC Greenlights Game-Changing ETF Featuring Solana, XRP, and Cardano

The crypto world just got its biggest institutional stamp of approval yet.

SEC cracks open the door—Solana, XRP, and Cardano now join the ETF big leagues. No more begging Wall Street for scraps; the regulators finally folded (probably because they got tired of losing the PR war).

Why this matters:

- First multi-altcoin ETF means mainstream money can flood into these assets without the usual 'but muh regulations' excuses.

- XRP's inclusion is particularly spicy—remember when the SEC called it a security? Someone's eating crow today.

- Cardano fans can finally stop yelling 'but peer-reviewed research!' at every crypto meetup.

Cynical take: Watch traditional finance 'experts' suddenly discover these projects now that there's a fee they can skim. The ETF wrapper—turning 'risky crypto' into 'respectable assets' since 2024 (Bitcoin first, always Bitcoin first).

Next stop? Probably a lawsuit from some dinosaur politician who still thinks blockchain is a skiing term.

ETF wave: Solana, XRP and Cardano at the starting line

For over a decade, the SEC rejected numerous applications for spot Bitcoin ETFs. It was only a year and a half ago that a court ruling forced the regulator to approve one. Since Trump’s term began, however, the agency has been moving relatively quickly to provide broader access to crypto markets for investors. It approved Grayscale’s application to convert the GLDC one day before the decision deadline—whereas in the past, similar applications had been rejected at the last minute.

Just last week, the SEC signaled it is open to funds that allocate the majority of their capital to established cryptocurrencies like Ethereum and Bitcoin. Other digital assets are also deemed acceptable. Solana then became the third candidate to receive the go-ahead, with XRP and Cardano likely to follow soon. Bloomberg analysts James Seyffart and Eric Balchunas expect ETFs for up to eight different altcoins by the end of the year.

Here are mine and @EricBalchunas' most recent odds on spot crypto ETF approvals by the end of 2025. We expect a wave of new ETFs in this second half of 2025. pic.twitter.com/H3pxJhqMy3

— James Seyffart (@JSeyff) June 30, 2025

BlackRock, the world’s largest provider of crypto ETFs with a total of USD 80 billion in assets under management in Bitcoin and Ethereum products, is for leaving the alternative crypto market to its competitors for now. The second-largest player, Fidelity, is also only competing with a Solana ETF. The absence of these major brand names will likely have a dampening effect on inflows into altcoin products. Nevertheless, the approval of these ETFs marks a crucial step in the institutionalization of the market.