September 7th• 3 min read
XLM Among 10 Tokens Eligible for SEC Fast-Track ETF Approval
Galaxy Digital research identifies Stellar (XLM) among only 10 cryptocurrencies meeting criteria for the SEC's proposed fast-track ETF approval process, potentially opening doors for institutional investment.
Key takeaways
🏛️ ETF Eligibility: XLM joins exclusive list of 10 tokens qualifying for SEC fast-track ETF approval alongside SOL, AVAX, and HBAR.
📊 Institutional Access: ETF approval would provide regulated investment vehicles for institutions seeking crypto exposure without direct token custody.
💼 Market Position: Galaxy Digital's analysis positions XLM as frontrunner among 91 pending crypto ETF applications with the SEC.
🌐 Adoption Catalyst: ETF listing could drive significant institutional inflows and mainstream adoption for Stellar's cross-border payment network.
Deep dive
Galaxy Digital's comprehensive analysis of pending crypto ETF applications reveals that only 12 of the top 100 cryptocurrencies meet the SEC's proposed fast-track criteria, with XLM among the qualified assets.
The fast-track process requires tokens to either trade on monitored exchanges through the Intermarket Surveillance Group, maintain six months of regulated futures trading history, or be backed by futures ETFs holding at least 40% of the asset.
XLM's inclusion alongside established assets like Solana and Avalanche reflects its growing institutional credibility and regulatory compliance.
With 91 ETF applications currently under SEC review, XLM's fast-track eligibility could accelerate its path to mainstream institutional adoption.
Polaris insights AI-generated
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
