PANews reported on July 9 that according to The Block, the US SEC seems to be about to approve multiple spot cryptocurrency ETFs, and key stakeholders are considering a framework that may speed up the listing process. Sources said that last week, the SEC raised questions about details such as pledges on a SOL ETF proposal, but the communication was constructive. People familiar with the matter said that approval is only a matter of time, but the specific time has not been determined. On Tuesday, at the WOLF Trading event, Gregory King, founder of Osprey Funds and Rex Shares, said that the SEC's attitude has changed. Although it will not act arbitrarily, it supports cryptocurrencies. Last week, the SEC approved a hybrid cryptocurrency fund of Grayscale, but the approval was subsequently suspended. People familiar with the matter said that the SEC is advancing in stages, first Bitcoin, then Ethereum, and now considering a hybrid asset ETF. Currently, the SEC is formulating listing standards and intends to shorten the review period. The move is driven by exchanges and will be in line with traditional ETF practices. 21Shares said it has not had direct dialogue with the SEC, but believes that the new framework can reduce listing complexity and uncertainty. James Seyffart, ETF analyst at Bloomberg Industry Research, expects the draft framework to be released this month and implemented in September or October, when the floodgates for other asset ETFs will open. Analyst Eric Balchunas recently estimated that the SEC has a 95% chance of approving ETFs tracking SOL, XRP and LTC, and the chances of ETF proposals tracking Dogecoin, Cardano and Polkadot being approved are also high, at about 90%.