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Critical application to the SEC: Approval may be opened for 12 altcoins
The CBOE, Nasdaq, and NYSE exchanges in the US, where cryptocurrency ETFs are listed, proposed new standard listing criteria to expedite the approval of ETFs with their application to the Securities and Exchange Commission (SEC).
If the application is accepted by the SEC, cryptocurrency ETFs will have the right to direct listing without being subject to separate approval processes, provided they meet the established standard criteria, just like in the existing system.
Investment advisor Nate Geraci stated that thanks to the proposed new regulation, companies will no longer need to undergo a separate approval process for each ETF application.
In the current application, exchanges need to apply to the SEC with form 19b-4 in order to list cryptocurrency ETFs. The review process for these applications can take up to 240 days. With the newly proposed standards, this duration will be significantly shortened, and a 19b-4 application will not be mandatory for ETFs that meet the necessary requirements.
Covers 12 altcoins
Under the proposed regulation, it will be sufficient for the cryptocurrencies applied for ETF to be traded on a regulated futures market for at least 6 months.
According to Eric Balchunas, Bloomberg's senior ETF analyst, among the assets on the Coinbase futures trading platform that meet this criterion are popular cryptocurrencies such as Litecoin, Bitcoin Cash, Dogecoin, Polkadot, Shiba Inu, Avalanche, Chainlink, Stellar, Solana, Hedera, Cardano, and XRP. Therefore, if the SEC accepts the proposal, it will pave the way for the automatic approval of spot ETFs based on these cryptocurrencies.
Published: August 1, 2025 20:00