The U.S. Securities and Exchange Commission's (SEC) Corporation Finance division has released new guidance on disclosure expectations for cryptocurrency exchange-traded products (ETPs). The guidance details requirements for issuers, including the calculation of net asset value (NAV), benchmark selection, custody practices, service provider agreements, governance structures, and potential conflicts of interest. This move indicates the SEC's intent to establish more structured oversight of crypto products, amid growing interest in token ETPs such as Solana ($SOL).