The Commission acknowledged several applications for crypto exchange-traded funds on Thursday, a move that ties the regulator to a strict timeline for approval or denial.

The SEC has sent ripples through the crypto world by acknowledging ETF applications for Solana (SOL-USD), Litecoin (LTC-USD), and XRP

The US Securities and Exchange Commission has made a “notable” step toward approving spot Solana exchange-traded funds in the US after acknowledging Grayscale’s amended application — in what analysts say is a first for SOL ETFs.

Previously, the SEC had rejected several applications for ETFs tracking Solana and had ordered Cboe to withdraw previously submitted 19b-4s for those ETFs. According to Eric Balch

Leadership shifts at the SEC may pave the way for broader crypto ETF approvals, sparking optimism among investors.