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The U.S. Securities and Exchange Commission (SEC) is reportedly reviewing a plan to automate much of the cryptocurrency Exchange Traded Fund (ETF) listing procedure. Cryptocurrency specialist journalist Eleanore Tarret shared on her X account on the 1st that the SEC is considering skipping the submission of the '19b-4' ETF review request previously required in the cryptocurrency ETF listing process.
2. Grayscale Large Cryptocurrency Trust Fund Obtains ETF Approval
Grayscale's large cryptocurrency trust fund obtained ETF conversion approval from the SEC on the 1st. The Grayscale fund is a mixed fund comprising approximately 80.2% BTC, 11.3% ETH, 2.7% SOL, 4.8% XRP, and 0.81% ADA.
3. Experts Set 95% Possibility of Spot ETF Approval for Solana, Litecoin, and XRP This Year
Bloomberg ETF researchers Eric Balchunas and James Seybert set the approval possibility of major altcoin spot ETFs at 95% through their X accounts on the 1st. The experts predicted that cryptocurrency spot ETFs will be approved in droves in the second half of 2025, citing changes in the SEC's regulatory stance as the main reason.
4. Trump's 'Tax Cut' Budget Passes US Senate
Donald Trump's budget proposal, emphasizing tax cuts and strengthening illegal immigration prevention, passed the US Senate on the 1st. The Trump budget was narrowly passed through a Senate plenary vote of 50-50 by exercising the 'tie-breaker' authority of Vice President JD Vance, who cast a supporting vote.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
