The US SEC May Consider Accelerating Approval of a Unified Listing Framework, Opening the Floodgates for Altcoin ETFs

According to Jinse Finance, as the U.S. Securities and Exchange Commission considers accelerating the approval of a unified listing framework, the "floodgates" for altcoin crypto ETFs are about to open. Previously, crypto journalist Eleanor Terrett revealed that the SEC is working in collaboration with various trading platforms to develop universal listing standards for cryptocurrency ETFs, which are still in the early stages. If a cryptocurrency meets these standards, issuers can bypass the 19b-4 process and directly submit an S-1 filing, after which trading platforms can list the product in 75 days. This approach can save both issuers and the SEC a significant amount of paperwork and time spent on repeated consultations. The specific rules for the universal listing standards for crypto ETFs have not yet been clarified, but the market speculates that factors such as market capitalization, trading volume, and liquidity are under consideration. Bloomberg Intelligence ETF analyst James Seyffart expects a draft framework to be released this month, with implementation in September or October, at which point the gates for other asset ETFs will also open. Analyst Eric Balchunas recently estimated that the SEC has a 95% likelihood of approving ETFs for SOL, XRP, and LTC, and that proposals for ETFs tracking Dogecoin, Cardano, and Polkadot also have a high chance of approval, around 90%.