SEC’s Crypto ETF Review Advances with Bitwise Filing for XRP, Solana, and Dogecoin Funds

The U.S. Securities and Exchange Commission (SEC) started considering Exchange-traded fund (ETF) applications based on XRP, Solana (SOL), and Dogecoin (DOGE). It comes after the acceptance of spot Bitcoin and Ethereum ETFs, indicating an increased regulatory receptiveness to crypto-linked financial instruments. The new proposals were filed by Bitwise Asset Management, which holds ETFs on Bitcoin and Ethereum.

Matt Hougan, Bitwise’s Chief Investment Officer, appeared at the Bitcoin 2025 conference in Las Vegas. Although he did not affirm any decisions by the SEC, he stated that the agency seems more receptive to dialogue with its new leadership. Hougan termed the change of tack as positive and cited a wider move towards regulatory interaction.

Hougan said that access to , Solana, and Dogecoin could be regulated to provide safer, less expensive investment opportunities. He reasoned that the effects realized in Bitcoin and Ethereum ETFs, which include lower costs for investors and enhanced custody, can be replicated in other heavily-demanded digital assets.