{"id":306600,"date":"2025-07-31T12:46:10","date_gmt":"2025-07-31T12:46:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/306600\/"},"modified":"2025-07-31T12:46:10","modified_gmt":"2025-07-31T12:46:10","slug":"secs-new-crypto-etf-listing-rule-is-a-pretty-big-deal-heres-why","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/306600\/","title":{"rendered":"SEC’s new crypto ETF listing rule ‘is a pretty big deal’ – Here’s why"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways\u00a0<\/strong><\/p>\n

SEC\u2019s new \u2018general listing standard\u2019 could help fast-track crypto ETF approval by September or October. But a policy analyst noted that the spot SOL ETF could happen before XRP.\u00a0<\/p>\n

The U.S. Securities and Exchange Commission (SEC) could be close to fast-tracking altcoin ETF approvals after unveiling new listing standards.\u00a0<\/p>\n

On the 30th of July, the Cboe BZX exchange filed<\/a> for rule changes to streamline the crypto ETF approval process.\u00a0\u00a0<\/p>\n

According to\u00a0Greg Xethalis<\/a>, general counsel at VC MultiCoin Capital, the new \u201cgeneric listing standards\u201d would tie approval to the Futures market. <\/p>\n

Any asset with over six months of Futures market tracking on Coinbase could be listed.\u00a0<\/p>\n

\"Crypto<\/a><\/p>\n

Source: Greg\/X<\/p>\n

He added that the submission also sought an ETF staking provision, stating other public TradFi exchanges like Nasdaq and NYSE will follow suit and make similar filings.\u00a0\u00a0<\/p>\n

A big deal for altcoin crypto ETFs?<\/p>\n

Bloomberg senior ETF analysts Eric Balchunas and James Seyffart acknowledged the update. In fact, Seyffart hailed<\/a> it as a \u201cpretty big deal,\u201d saying,<\/p>\n

\n

\u201cThis is the framework and generic listing standards we\u2019ve been looking for with regard to digital assets in an ETF wrapper. This is a pretty big deal.\u201d<\/p>\n<\/blockquote>\n

Per Balchunas<\/a>, the Futures contracts tracking will make approval likely for Litecoin [LTC]<\/a>, Dogecoin [DOGE<\/a>], Solana [SOL]<\/a>, Ripple [XRP]<\/a>, and others by September or October.\u00a0<\/p>\n

\n

\u201cIt\u2019s about a dozen of the usual suspects, the same ones we had at 85% or above in our odds. The question still, though, is timing. Likely Sept\/Oct for all.\u201d<\/p>\n<\/blockquote>\n

For perspective, spot Bitcoin [BTC]<\/a> and Ethereum [ETH]<\/a> ETFs were approved after launching CME Futures.\u00a0<\/p>\n

But Coinbase derivatives have more altcoins than CME Futures, hence it will also be considered for spot ETF approvals, added Balchunas.\u00a0<\/p>\n

Since Futures trading is under the CFTC (Commodity Futures Trading Commission), the agency will have a bigger say on what will be approved by the SEC, noted<\/a> Seyffart.\u00a0<\/p>\n

That said, from a Futures trading perspective, SOL began trading on CME Futures on the 17th of March, while XRP followed later on the 19th of May this year.<\/p>\n

If the new General Listing Standard (GLS) rules were to be applied as they are, spot SOL ETF approval could happen earlier (September 17) than XRP, added<\/a> Xethalis.\u00a0<\/p>\n

\n

\u201cThe timeline would be slightly later for XRP Futures, which launched after SOL Futures. Nevertheless, SOL and XRP ETPs appear highly likely to launch by the beginning of Q4.\u201d<\/p>\n<\/blockquote>\n

\"Crypto<\/a><\/p>\n

Source: X<\/p>\n

The SEC has delayed several altcoin and crypto index ETF applications, including a recent filing<\/a> from President Donald Trump-linked Truth Social.\u00a0<\/p>\n

ETF experts linked the delay to this listing standards. It remains to be seen how fast the agency will act under the new framework.\u00a0<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tPrevious: What is Info-Fi? Analyzing the Top 3 projects in this sector!<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Powell\u2019s \u2018rate cut\u2019 pause puts Bitcoin\u2019s price on hold\u2014Is the rally over?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways\u00a0 SEC\u2019s new \u2018general listing standard\u2019 could help fast-track crypto ETF approval by September or October. But…\n","protected":false},"author":2,"featured_media":306601,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-306600","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114947921419726860","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/306600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=306600"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/306600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/306601"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=306600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=306600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=306600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}