The U.S. Securities and Exchange Commission (SEC) has instructed issuers to withdraw their 19b-4 filings for crypto exchange-traded funds (ETFs), which include products tracking cryptocurrencies such as Solana (SOL), Ethereum, XRP, Cardano (ADA), Litecoin (LTC), and Polkadot (DOT).
This regulatory change, effective as of September 30, shifts the entire focus of the ETF approval process to the S-1 registration statements. This streamlined approach is expected to expedite ETF approvals. According to Bloomberg Intelligence Senior ETF Analyst Eric Balchunas, with only the S-1 filing remaining as an obstacle, the likelihood of approval for ETFs like those for Solana and XRP is now considered “essentially 100%,” potentially impacting the market perception and staking activities for these assets. The move establishes a clearer regulatory path for issuers.
September 2025, Cryptoniteuae
