XRP News Today: SEC Proposes 75-Day Timeline for Crypto ETF Listings

The U.S. Securities and Exchange Commission (SEC) is contemplating a substantial reduction in the time required for listing cryptocurrency exchange-traded funds (ETFs). The proposed change aims to streamline the current 19b-4 process, which can be lengthy and complex, by implementing a 75-day timeline. This initiative is part of a broader effort to simplify the listing procedures for crypto ETFs, which involves collaborating with trading platforms to establish new universal standards.

Hester Peirce, an SEC Commissioner, has been vocal about fast-tracking the process to keep pace with market innovation. The move to expedite the listing process for crypto ETFs comes at a time when the regulatory body is also preparing to rule on Grayscale’s proposal to convert its Digital Large Cap Fund (GDLC) into a spot ETF. This decision is expected to set a precedent for the approval of other spot ETFs, including those for Litecoin (LTC) and XRP. The SEC's initiative to streamline the listing process for crypto ETFs is not limited to Bitcoin. The regulatory body is also considering the approval of spot ETFs for other altcoins, including Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX).

Primary players in this decision include incoming SEC Chair Paul Atkins, known for his crypto-friendly stance, potentially easing regulatory barriers. Franklin Crypto Index Trust is among those awaiting faster approval, signaling optimism among market participants. Approval of these ETFs could lead to substantial institutional inflows, increasing cryptocurrency market liquidity and stabilizing price volatilities. BTC and ETH are highlighted as primary beneficiaries, with altcoins like XRP and DOGE also under scrutiny.

Financial analysts forecast a boost in asset prices due to increased accessibility and holdings. Historical precedents show ETF listings previously extended capital flows, albeit with extended review times like the 240-day special reviews. However, experts caution that regulatory changes might not materialize until the new chair officially assumes office in 2025. As anticipation builds, industry players remain optimistic about accelerated approval timelines for crypto investments. Such moves could fundamentally shift market dynamics, encouraging broader digital asset adoption.