The listing does not equate to regulatory approval. Instead, it represents part of the routine preparation process that issuers must complete before a potential market debut.
Still, the development has caught the crypto community’s attention, which views it as a sign that issuers are serious about bringing these funds to market once the Securities and Exchange Commission (SEC) grants permission.
That procedural progress quickly spilled into trading activity. Solana rose more than 6% in 24 hours, outperforming XRP and HBAR, which each gained about 2%, according to CryptoSlate data.
This development arrives as the SEC repeatedly postponed rulings on a wave of altcoin ETF filings, continuing its cautious stance even after greenlighting Bitcoin and Ethereum spot funds last year.
Analysts expect the commission to bundle decisions in October, consistent with previous cycles where multiple rulings landed within the same window.
The agency currently has at least 92 crypto-linked ETF proposals under consideration, highlighting the scale of industry demand.
