The Domino Effect: How an SEC Rule Shift Sparked a Multi-Crypto ETF Race

The race to launch multi-crypto ETFs has officially begun, with Hashdex making the first move by adding XRP and Solana to its existing fund.

This expansion is the direct result of a foundational change: the SEC’s approval of broad, generic listing standards for exchanges, which serves as a master key for future crypto funds.

This regulatory update is a game-changer, crucially reducing the timeline for fund approvals. By approving a standardized framework, the SEC has set the stage for a wave of new products, as evidenced by both Hashdex’s pivot and Grayscale’s recently approved fund.

The action signals that the era of single-asset crypto ETF debates is giving way to a new competition over diversified digital asset portfolios.