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A Bloomberg analyst says the odds of crypto ETF approvals are now 100% after the Securities and Exchange Commission (SEC) asked issuers to withdraw pending 19b-4 filings, clearing the way for ETFs including XRP, ADA, and DOGE to advance.
The withdrawals follow the SEC’s Sept. 18 approval of generic listing standards, which make 19b-4 filings unnecessary.
Exchanges including Nasdaq, Cboe BZX, and NYSE Arca can now list ETFs that meet predefined criteria, allowing issuers to move directly to S-1 registration, the final step before launch.
”Honestly the odds are really 100% now,” said Bloomberg ETF analysts Eric Balchunas. “Generic listing standards make the 19b-4s and their “clock” meaningless. That just leaves the S-1s waiting for formal green light from Corp Finance. And they just submitted amendment #4 for Solana. The baby could come any day. Be ready.”
Honestly the odds are really 100% now. Generic listing standards make the 19b-4s and their “clock” meaningless. That just leaves the S-1s waiting for formal green light from Corp Finance. And they just submitted amendment #4 for Solana. The baby could come any day. Be ready. https://t.co/5JtfTm82Wi
— Eric Balchunas (@EricBalchunas) September 29, 2025
92 Crypto ETFs In The Queue
There are currently around 92 ETF applications awaiting approval from the SEC, according to Bloomberg Intelligence ETF Analyst James Seyffart.
They range from meme coins like Pudgy Penguins (PENGU) to larger cryptos such as Litecoin (LTC), Polkadot (DOT), and Chainlink (LINK).
Some of the crypto ETF filings pending approval (Source: X)
The SEC’s calls for ETF issuers to withdraw their applications for the various crypto products comes just days before the agency was required to deliver decisions on multiple ETF filings for digital assets.
SEC And CFTC Work Together To Advance Crypto Regulation In The US
The SEC’s push to streamline the crypto ETF approval process is part of the agency’s “Project Crypto” initiative that was unveiled by Chair Paul Atkins earlier this year.
Acting on recommendations from US President Donald Trump’s crypto working group, the SEC is working towards easing licensing requirements for firms operating in the crypto space.
The agency is also collaborating with the US Commodity Futures Trading Commission (CFTC) to advance crypto regulation that provides investors with protections but does not block innovation in the digital asset sector.
Working Together is Working Better, Remarks of Acting Chairman Caroline D. Pham, SEC-CFTC Joint Roundtable on Regulatory Harmonization Efforts: https://t.co/WPL973CMLe
— CFTC (@CFTC) September 29, 2025
Earlier this year, the CFTC announced the launch of its “Crypto Sprint” initiative as well, which also seeks to act on recommendations received from the White House’s digital asset working group.
For years, the SEC and CFTC have clashed over how to regulate crypto, especially with the debate over whether some digital assets are securities or commodities. However, the two agencies are now working in unison.
At a roundtable yesterday, CFTC Acting Chair Caroline Pham said that the “turf war” between the SEC and the CFTC “is over.”
3/ @CFTCPham was clear: The turf war is over. A modern, unified approach is essential for 24/7 markets and crypto assets. The future depends on alignment.
— Kristin Smith (@KMSmithDC) September 29, 2025
“There’s no question that because we both oversee related parts of the financial markets, the regulatory lanes for our two agencies aren’t always clear or intuitive,” Pham said.
“At times, this has led to unnecessary friction between the two agencies and avoidable headaches for the market participants who depend on us,” she added.
That comes as rumors begin to circulate that the CFTC and SEC could be merged into one agency. However, SEC Chair Paul Atkins has once again refuted these rumors.
“Let me be clear: our focus is on harmonization, not on a merger of the SEC and CFTC, which would be up to Congress and the President,” Atkins said at the same roundtable.
“Fanciful talk of reorganizing the government risks distracting us from the monumental opportunity we have in front of us,” he added.
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