The U.S. Securities and Exchange Commission approved on an “accelerated basis” listing standards for crypto exchange-traded funds, quickly setting the stage for those products to be ready for public trading.
In a filing made on Wednesday, the SEC said it found “good cause” to approve the standards early.
“The Commission finds good cause to approve the Proposals prior to the 30th day after the date of publication of notice of the Exchanges’ amended filings in the Federal Register,” the agency said. “The amended filings clarify the definitions set forth in, and the requirements of, the proposed generic listing standards.”
Exchanges Nasdaq, NYSE Arca, Inc., and Cboe BZX Exchange had previously asked the agency to change a rule to “permit the generic listing and trading of Commodity-Based Trust Shares that meet the requirements set forth in proposed Rule 14.11(e)(4).” That rule governs the trading and listing of commodity-based trust shares and has specific requirements to have certain shares listed on the exchange.
“This approval helps to maximize investor choice and foster innovation by streamlining the listing process and reducing barriers to access digital asset products within America’s trusted capital markets,” said SEC Chairman Paul Atkins in a statement.
The SEC’s approval is a significant turn of events for dozens of crypto ETFs awaiting the agency’s sign-off and would accelerate that process. Firms have been looking to list funds tracking SOL to XRP to DOGE in the wake of a friendlier regulatory environment at the SEC.
Under current rules, exchanges must file a 19b-4 form for crypto ETFs, triggering a review period of up to 240 days. The new listing standards will reduce that timeline to as little as 75 days and allow the listing and trading of crypto exchange-traded products that meet those standards without the 19b-4 form requirement.
In a note on Tuesday, Matt Hougan, chief investment officer at crypto asset manager Bitwise said that the listing standards could “blow the market wide open.”
The SEC also said on Wednesday that it approved the listing and trading for the Grayscale Digital Large Cap Fund. The agency had previously put a pause on Grayscale’s move to convert the fund. That ETF trades over the counter for accredited investors and is composed primarily of bitcoin at almost 80% and Ethereum at about 11%. Solana, Cardano, and XRP are also represented with single-digit percentages, according to its website.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
