SEC Clears Path for ‘Waves’ of Crypto ETFs With New Listing Standards
The U.S. Securities and Exchange Commission signed off Wednesday on new generic listing standards for commodity-based trusts, a move that analysts say could swing the door wide open for crypto products beyond Bitcoin and Ethereum.
The new standards, approved for Nasdaq, Cboe BZX, and NYSE Arca, allow trusts that meet defined criteria to list without a separate Commission order. They bar leveraged and inverse structures, but create a pathway for commodity or crypto-linked products to qualify more quickly.
“It was expected, but big, because it’s gonna mean that about 12 to 15 coins are good to go,” Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, told Decrypt in a call. “You start getting the coins coming in…
