According to BlockBeats, on July 9, the U.S. Securities and Exchange Commission is working with trading platforms to establish general listing standards for cryptocurrency ETFs. Cryptocurrencies that meet the standards can skip the 19b-4 process and directly submit S-1 filings, going live after 75 days. This will save paperwork time for issuers and the SEC.
The specific rules for the general listing standards of cryptocurrency ETFs have not yet been clarified, and the market speculates that market capitalization, trading volume, and liquidity are all being considered. Bloomberg Industry Research analysts expect the framework draft to be released this month, with implementation in September or October, and other asset ETFs will also open their gates.
Analysts estimate that the SEC has a 95% chance of approving ETFs for SOL, XRP, and LTC, while the chances of approval for ETFs tracking Dogecoin, Cardano, and Polkadot are about 90%.
