On Friday, January 24, investment company CoinShares filed applications to register CoinShares Litecoin ETF and CoinShares XRP ETF , and the New York Stock Exchange filed documents seeking approval for Grayscale Litecoin Trust and Grayscale Solana Trust. Both Grayscale filings include language about converting the trusts into spot ETFs.
The documents were filed with the US Securities and Exchange Commission just days after Donald Trump took office as President of the United States and the head of the agency, Gary Gensler, left his post.
Over the past two weeks, the agency has already received numerous applications to launch exchange crypto funds based on altcoins and memecoins.
Potential issuers ETF Trump is expected to follow through on his campaign promises and appoint Paul Atkins, who previously worked in the cryptocurrency space, as the chairman of the Securities and Exchange Commission. This could happen soon and will affect the decision on the applications. In the meantime, the agency has created a new cryptocurrency task force led by SEC Commissioner Hester Peirce, who has been nicknamed the "crypto mom."
The working group will hold roundtables and focus on "realistic ways to register funds and the wise use of law enforcement resources," the agency said.
