In a historic step for U.S. The Securities and Exchange Commission (SEC) has made it easier to list spot digital asset exchange-traded products (ETPs) on crypto exchanges. The agency adopted general listing guidelines on Wednesday. This means that exchanges can list commodity-based ETPs, like cryptocurrencies, without having to have each one reviewed by the SEC every time.
People are calling this ruling a game-changer because it removes big obstacles for crypto funds and makes it easier for issuers to sell regulated products.
Before now, any proposal for a spot crypto ETF had to go through a long 19(b) rule filing process that might take up to 240 days and needed the SEC’s direct approval or rejection.
With the new rules:
Exchanges like Nasdaq, NYSE, and CBOE can list crypto-backed ETFs if they meet the newly approved generic listing standards.
Issuers can approach exchanges with an ETF idea (covering one or multiple tokens).
If the ETF strategy fits the framework, exchanges can proceed with listing without waiting for individual SEC approval.
SEC Chairman Paul Atkins said the move was designed to reduce barriers for investors while ensuring that digital assets remain regulated within U.S. markets:
“By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets.”
Alongside the rule change, the SEC approved the Grayscale Digital Large Cap Fund, which tracks the CoinDesk 5 Index. The fund includes a basket of major digital assets:
Bitcoin (BTC): $117,535.57
Ethereum (ETH)
XRP (XRP): $3.0953
Solana (SOL): $245.79
Cardano (ADA): $0.9138
The SEC also signed off on options tied to the Cboe Bitcoin U.S. ETF Index and its smaller form, which increases the number of regulated crypto-linked derivatives that are available in the U.S. investors.
The new listing standards could spark a wave of spot altcoin ETFs, many of which have been awaiting regulatory approval for months. Analysts believe this could usher in a new era of accessibility for U.S. investors.
ETF analyst James Seyffart of Bloomberg Intelligence commented:
“This is the crypto ETP framework we’ve been waiting for. Get ready for a wave of spot crypto ETP launches in coming weeks and months.”
Similarly, Kristin Smith, President of the Solana Policy Institute, called the news a huge win for the U.S. crypto ecosystem:
“These new generic listing standards are a net-positive for U.S. investors, markets, and digital asset innovation. Excited for the next wave of crypto adoption!”
A lot of people think that the SEC’s decision is a big step toward creating a structured, legal manner for crypto ETFs to exist in the US. By removing long approval delays, the agency has effectively paved the way for faster, broader crypto product launches.
For U.S. This means that investors can more easily get to a variety of digital asset portfolios that are protected by well-known market rules. For the crypto business, this means that the rules are becoming clearer and more widely accepted.
The bottom line? The U.S. is setting the stage for a new wave of crypto innovation, adoption, and investment opportunities.
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