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The U.S. Securities and Exchange Commission (SEC) started considering Exchange-traded fund (ETF) applications based on XRP, Solana (SOL), and Dogecoin (DOGE). It comes after the acceptance of spot Bitcoin and Ethereum ETFs, indicating an increased regulatory receptiveness to crypto-linked financial instruments. The new proposals were filed by Bitwise Asset Management, which holds ETFs on Bitcoin and Ethereum.
Matt Hougan, Bitwise's Chief Investment Officer, appeared at the Bitcoin 2025 conference in Las Vegas. Although he did not affirm any decisions by the SEC, he stated that the agency seems more receptive to dialogue with its new leadership. Hougan termed the change of tack as positive and cited a wider move towards regulatory interaction.
Hougan said that access to XRP, Solana, and Dogecoin could be regulated to provide safer, less expensive investment opportunities. He reasoned that the effects realized in Bitcoin and Ethereum ETFs, which include lower costs for investors and enhanced custody, can be replicated in other heavily-demanded digital assets.
The proposals come amid increasing demand for easy-to-access crypto investments. Institutions are still exploring digital assets, and retail users demand regulated and safe points of entry. Hougan declared that not all cryptocurrencies can be incorporated into an ETF model, yet the market's interest in these three tokens justifies their presence.
Crypto ETFs offer greater convenience since they eliminate the need for holding assets or managing private keys. This appeals to investors looking for access to digital assets within regulated financial products. Bitwise intends to meet this demand with ETFs that can be accessed more broadly. The company is convinced that bringing the existing ETF structures to the prominent altcoins will enhance investors' perception of security and help more people enter the crypto economy.
Also Read: Best Altcoin of 2025: Why This $0.03 DeFi Token Is Turning Heads
The SEC review is against the background of legislative activity, such as the introduction of the so-called GENIUS Act, which is focused on stablecoin regulation. Hougan added that the bill has the potential to bring long-awaited legal certainty to the industry. If it passes, it may also aid in the introduction of new crypto investment products.
The SEC is reviewing such applications, and its rulings may set the pace for the introduction of altcoin to mainstream finance. The green light on such ETFs would be a significant milestone in bringing regulated accessibility to digital assets beyond Bitcoin and Ethereum.
