SEC’s accelerated approval of the Grayscale Digital Large Cap Fund ETF is seen as a positive signal for future altcoin ETF approvals, as the agency reviews proposed ETFs for assets like Solana, Dogecoin, Litecoin, XRP, ADA and Polkadot

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The regulator is also weighing planned single-asset products that would hold SOL, for example — as well as ones that would invest in XRP, ADA, litecoin (LTC), dogecoin (DOGE), polkadot (DOT) and others.

The SEC is also considering a wide array of crypto ETFs, from ones that track SOL to DOGE in the face of a friendlier regulatory environment for crypto following President Donald Trump's inauguration in January.

The U.S. Securities and Exchange Commission approved on an "accelerated basis" an exchange-traded fund that looks to convert the Grayscale Digital Large Cap Fund LLC, which could signal positive momentum for numerous other cryptocurrency fund proposals.