On July 9 (UTC+8), the US SEC appears to be on the verge of approving multiple spot cryptocurrency ETFs, and key stakeholders are considering a framework that could speed up the listing process. Sources say that last week, the SEC raised questions about details such as staking in a SOL ETF proposal, but the communication was constructive. Insiders say that approval is only a matter of time, but the specific timing is uncertain. On Tuesday, at the WOLF Trading event, Gregory King, founder of Osprey Funds and Rex Shares, said that the SEC's attitude has changed and that while it will not act arbitrarily, it supports cryptocurrencies. Last week, the SEC approved a mixed cryptocurrency fund from Grayscale, but that approval was subsequently suspended. Insiders say that the SEC is proceeding in stages, first Bitcoin, then Ethereum, and now considering mixed asset ETFs. Currently, the SEC is developing listing standards and plans to shorten the review period. This initiative is driven by exchanges and will be in line with traditional ETF practices. 21Shares stated that it has not had direct dialogue with the SEC, but believes that the new framework can reduce listing complexity and uncertainty. Bloomberg industry research ETF analyst James Seyffart expects a draft framework to be released this month and implemented in September or October, at which time the gates for other asset ETFs will open. Analyst Eric Balchunas recently estimated the probability of the SEC approving ETFs tracking SOL, XRP, and LTC at 95%, and the probability of approving ETF proposals tracking Dogecoin, Cardano, and Polkadot is also very high, at around 90%. (Source: PANews) [Meta Era]