The U.S. Securities and Exchange Commission (SEC) approved new rules that simplify the listing of exchange-traded products tied to spot digital assets.
The decision removes the need for case-by-case approval from the regulator, a process that often delayed launches. Exchanges can now list spot commodity-based ETFs, including those backed by cryptocurrencies, if they meet the agency’s generic standards.
The move eliminates the lengthy 19(b) filing process that required the SEC to actively approve or deny each application. That process could take up to 240 days. Instead, issuers will approach exchanges like Nasdaq, NYSE, or Cboe with product ideas. If the ETF proposal aligns with the generic listing criteria, the exchange can proceed without waiting for SEC review.
Furthermore, SEC Chairman Paul Atkins said the new framework reduces barriers to regulated digital asset access.
“By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets,” Atkins said in a statement.
Additionally, the SEC approved the Grayscale Digital Large Cap Fund. The fund tracks the CoinDesk 5 Index, which currently includes bitcoin, ether, XRP, Solana, and Cardano.
The regulator also approved the launch of options linked to the Cboe Bitcoin U.S. ETF Index and its mini version. These approvals could also expand the range of crypto derivatives available to U.S. investors.
“Get ready for a wave of spot crypto ETP launches in coming weeks and months,” said James Seyffart, an ETF research analyst at Bloomberg Intelligence.
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Decision could mean big changes for spot altcoin ETFs
Furthermore, Kristin Smith, president of the Solana Policy Institute, praised the move as a step forward for investors and innovators. She said the SEC demonstrated its commitment to the rule of law by establishing clear guidelines.
“These new generic listing standards are a net-positive for U.S. investors, markets, and digital asset innovation,” Smith said.
The decision could pave the way for a wave of spot altcoin ETFs that had been awaiting regulatory clearance. In addition, the streamlined process may encourage more issuers to develop creative structures for digital asset funds. Consequently, U.S. exchanges will likely see increased competition as issuers push to bring products to market quickly.
The framework marks one of the most significant steps toward normalizing cryptocurrency investment products within U.S. capital markets. It signals that regulators are willing to adapt as demand grows. Also, it underscores that investor access to digital assets can expand under clear rules without compromising oversight.
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