SEC Requests ETF Issuers Withdraw Filings for New Standards

The U.S. Securities and Exchange Commission (SEC) recently instructed issuers to withdraw filings for several spot ETFs, including Solana and Litecoin, to align with new generic standards. This shift may expedite the ETF approval process, influencing market access and investment strategies within the cryptocurrency sector. Major asset managers are now focused on adapting to these regulatory changes.