SEC could blow crypto ETP market “wide open” through generic listing framework: Bitwise
- Bitwise’s Matt Hougan stated that the US SEC could adopt a generic listing standard for crypto ETPs by October.
- He noted that crypto ETPs tracking Solana, XRP, Avalanche, Cardano and Chainlink, among others, could hit the market soon.
- Hougan added that ETP approvals do not guarantee immediate inflows, citing the performance of spot Ethereum ETFs after their debut in 2024.
Bitwise Chief Investment Officer (CIO) Matt Hougan stated in a note to investors on Tuesday that the Securities & Exchange Commission’s (SEC) plan to develop generic listing standards for crypto exchange-traded products (ETPs) could trigger an end-of-year rally for the crypto market.
