New: Yes… As reported, we expect Solana, Litecoin, and HBAR to launch the first pure-play spot ETFs in the US this week. But how did this happen? It's almost certainly due to the wording in the Q&A-formatted guidance letter from the SEC's Division of Corporation Finance. Question 11 of 22 seems to be the key detail. Though, to be honest, it's a little unclear to my non-lawyer mind/eye whether this applies to ETFs. While it specifically refers to securities IPOs, ETFs are securities. Regardless—the lawyers for @CanaryFunds, @BitwiseInvest, @Grayscale, @Nasdaq, and @NYSE apparently think this is strong enough for them. Here's question 11: