SEC Approves Generic Standards for Crypto ETF Listings

The U.S. SEC has approved generic listing standards for crypto ETPs, allowing exchanges to list these products without individual approval.
This change facilitates quicker launches of spot crypto ETFs.
The rule applies to assets with a regulated futures market, such as those listed on Coinbase.
Eligible cryptocurrencies include Bitcoin and Ethereum.
SEC Chairman Paul Atkins mentioned the move aims to expand investor choice and foster innovation.
The SEC approved Grayscale Digital Large Cap Fund and Bitcoin ETF options but postponed a decision on the Truth Social Bitcoin ETF.