The US Securities and Exchange Commission took the first step toward allowing new crypto exchange deals (ETFs) that track the price of assets such as Litecoin and Solana, as well as new ways to redeem funds from existing crypto-ETFs on Thursday, while Businesses took another go towards launching XRP ETFs in a further sign of the new crypto-friendly administration on the agency.

Earlier Thursday, SEC recognized an archiving of Grayscale for a Solana (SOL) ETF, which means that the Commission now has until October to approve or refuse the application.

SEC had previously refused to recognize several applications for the Etfs Tracking of Sun and had asked CBOE to take down its previously uploaded 19B-4s to these ETFs.

Eric Balchunas, Senior Etf Analyst at Bloomberg Intelligence said the recognition was “remarkable”, considering it is the first time that a ETF archiving for a cryptocurrency previously considered a “security” has been recognized of sec.

“We are now on new territory, albeit just a baby step, but apparently the direct result of leadership change,” he wrote in a post on X.

SEC also recognized a number of other Crypto ETF-related applications on Thursday, including Grayscales archiving for a Litecoin (LTC) ETF as well as Blackrock’s suggestions to allow for in-stroke creations and redemptions on Ishares Bitcoin ETF.

During US evening times, CBOE filed to list and trade with four separate ETFs looking to track the price of XRP (XRP).

The exchange filed four 19B-4 documents to SEC on Thursday for the potential ETFs of Bitwise, 21Shares, Canary Capital and Wisdomtree.

All four issuers had previously filed S-1’s, which is the first step in bringing an ETF to the market.

While Thursday’s actions do not necessarily guarantee that SEC will approve all of these products, they show that companies feel more comfortable expanding beyond just Bitcoin and Ether ETF products with the current SEC administration.