SEC speeds up the formulation of universal listing standards for crypto ETFs, and the

According to Foresight News, according to Theblock, as the U.S. Securities and Exchange Commission considers speeding up approval of unified listing frameworks, the "gate" of altcoin encryption ETFs is about to open. Previously, according to crypto reporter Eleanor Terrett, the U.S. Securities and Exchange Commission is collaborating with various trading platforms to develop general listing standards for cryptocurrency ETFs, which is still in its early stages. If the cryptocurrency meets the standards, the issuer can skip the 19b-4 process and submit the S-1 file directly, and wait for the 75-day trading platform to launch it. This method saves time on the issuer and SEC a lot of paperwork and repeated comments. The specific rules for the general listing standards for cryptocurrency ETFs have not been clarified yet, and market speculations are all under consideration of market value, trading volume and liquidity.

Bloomberg Industry Research ETF analyst James Seyffart expects the framework draft to be released this month and will be implemented in September or October, when other asset ETFs will open. Analyst Eric Balchunas recently estimated that the SEC would approve ETFs from SOL, XRP and LTC at 95%, and the likelihood of tracking the ETF proposals from Dogecoin, Cardano, Polkadot was approved, about 90%.

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