SEC Approves Generic Listing Standards for Crypto ETFs

s latest price was $, in the last 24 hours. The Securities and Exchange Commission (SEC) has approved generic listing standards for commodity-based trust shares on major exchanges. This decision allows these exchanges to list shares of commodity-based trusts under standardized criteria, eliminating the need for individual applications for each product. The new framework applies to trust structures that hold physical commodities or commodity-related investments. This approval is expected to streamline the listing process for crypto ETFs, as it allows issuers to tailor-make compliant crypto ETF proposals. If these filings meet all the Commission’s criteria, the underlying ETFs could trade on the market without direct SEC approval. This would remove a significant bottleneck in the coveted ETF creation process, potentially leading to a new era for crypto ETFs. The SEC has been working on a streamlined approval process for crypto ETFs, and these generic listing standards could accomplish the task. This rule change would rely on considering tokens as commodities instead of securities, but federal regulators have been reclassifying assets like XRP. If these standards work as advertised, ETFs based on XRP, Solana, and many other cryptos could be coming very soon. This quiet announcement may have huge implications for the crypto market.