SEC genehmigt Hashdex Nasdaq ETF für BTC, ETH, XRP, SOL und XLM – Game-Changer für Krypto-Mainstream

Die US-Börsenaufsicht SEC hat grünes Licht gegeben – und schickt damit fünf große Kryptowährungen direkt in die traditionellen Finanzmärkte.

Der ETF-Durchbruch

Hashdex erhält als erster Anbieter die Zulassung für einen ETF, der Bitcoin, Ethereum, Ripple, Solana und Stellar gemeinsam in einem Nasdaq-gelisteten Produkt hält. Eine strategische Meisterleistung, die institutionellen Investoren den Einstieg in multiple digitale Assets erleichtert – ohne umständliche Wallet-Verwaltung.

Was das für den Markt bedeutet

Plötzlich können Pensionfonds und Retail-Anleger über ihre gewohnten Brokerage-Konten auf diese fünf Krypto-Assets zugreifen. Die SEC, sonst bekannt für ihre Bedenkenträgerei, hat damit de facto eine Qualitätsauswahl abgesegnet. XRP und SOL im gleichen Atemzug wie BTC und ETH? Das sendet Signale.

Die regulatorische Kehrtwende

Nach Jahren der Blockadehaltung öffnet die Behörde die Schleusen für breit diversifizierte Krypto-ETFs. Ein cleverer Schachzug, der die Kontrolle beim traditionellen Finanzsystem belässt – während die Krypto-Puristen schaudern. Aber hey, Mainstream-Adoption hat nun mal ihren Preis.

Die Börsenaufsicht beweist damit mehr Pragmatismus als viele erwartet hätten. Oder wie ein FSA-Veteran trocken anmerkte: 'Wenn du sie nicht schlagen kannst, liste sie halt an.'

ETF issuers prepare for October launch

Following the SEC’s vote to adopt the updated listing standards last week, several asset managers have kicked into gear. These new rules let qualified crypto ETFs skip the case-by-case review process, something that used to drag on for months. Under the old rules, approval could take as long as 270 days. Now, with the new setup, products can be cleared in as little as 75 days.

“We’ve got about a dozen filings with the SEC now, and more coming,” said Steven McClurg, founder of Canary Capital Group. He confirmed that asset managers are already lining up, ready to take advantage of the rule change. “We’re all getting ready for a wave of launches,” he said. That wave is expected to hit hard in Q4 2025, according to Jonathan Groth at DGIM Law, who called this period a likely “boom time” for crypto ETFs.

The rush began in July, when the SEC first proposed the changes. Since then, firms have scrambled to rewrite filings, address SEC feedback, and meet the updated standards. Sources familiar with the process say the final updates could be submitted by the end of the week.

“These are the rules we had been anticipating,” said Teddy Fusaro, president of Bitwise. Fusaro says most filings are nearing the end of the review phase and could hit the market shortly. Analysts expect ETFs tracking SOL and XRP to debut in early October.

New SEC rules speed up crypto ETF approvals

To qualify for the new approval process, ETFs must meet at least one of three main requirements. One, the coin involved must trade on a regulated exchange, or have CFTC-regulated futures contracts that’ve been active for at least six months. Two, another ETF must already hold that coin with 40% of its assets directly invested in it, not via swaps or options. If any of those conditions are met, the ETF skips the red tape.

But not every firm is ready to roll. “Not all of our existing filings qualify,” said Kyle DaCruz, head of digital assets at VanEck. “The next step is to talk to our lawyers to see which products can MOVE forward and how rapidly will they get onto the market.”

That said, Grayscale Investments didn’t wait around. Less than 48 hours after the SEC’s announcement, it converted its private fund into a public product: the Grayscale CoinDesk Crypto 5 ETF (GDLC.P). This new ETF holds BTC, ETH, XRP, SOL, and cardano. According to Peter Mintzberg, CEO of Grayscale, their quick launch reflects their push for “public market access, regulatory clarity and product innovation.”

The bigger question now is whether investors will actually care about ETFs tied to lesser-known coins. “There will be a flood of tokens that many folks have never heard of,” DaCruz warned. Unlike BTC, which took years to build trust, some of these coins may get only weeks or months of investor education before hitting the market.

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