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Fortune
Fortune
Nino Paoli

The SEC opened the ‘floodgates’ for crypto ETFs, experts say, marking a new era for the industry

U.S. President Donald Trump shakes hands with Securities and Exchange Commission Chairman Paul Atkins during Atkins' swearing-in ceremony in the Oval Office at the White House on April 22, 2025 in Washington, DC. (Credit: Photo by Chip Somodevilla/Getty Images)
  • The Securities and Exchange Commission’s latest guidance invites an influx of applications for exchange-traded funds exposed to cryptocurrencies like Solana, Ripple’s XRP, and potentially even Trump’s memecoin, experts told Fortune. The guidance comes under the commission’s new chairman, Paul Atkins, a Trump appointee who is a contrast with previous leadership that sought to block the approval of Bitcoin ETFs.

The Securities and Exchange Commission’s latest guidance bangs the door wide open for an influx of funds exposed to cryptocurrencies like Solana, Ripple’s XRP, and potentially even President Donald Trump’s memecoin, experts told Fortune.

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