🔎 The crypto ETF revolution in the US: a new proposal presented to the SEC opens the doors for the approval of 12 altcoins!

A revolutionary new meeting for the cryptocurrency markets in the US. The three largest exchanges in the country, CBOE, Nasdaq, and NYSE, have officially submitted a new system to the SEC that will radically accelerate the listing process for cryptocurrency ETFs. If these proposals are accepted, the current lengthy approval times could become a thing of the past; instead, an automated, standardized listing process may take place.

🎯 Goal: Rapid listing of spot crypto ETFs

The new statement proposes new standard listing criteria to expedite SEC approval for crypto ETFs. According to these individuals, if a cryptocurrency-based ETF has been traded on an authorized futures market for at least six months, it could be directly listed on the exchange, eliminating the need for the current application process that requires the 19b-4 formula.

🕰️ Current system: waiting period up to 240 days

Crypto ETF applications filed with the SEC under the 19b-4 formula can take up to 240 days. This creates a significant barrier for those looking to quickly launch products.

With the new regulation, this long waiting period will be eliminated, and compliant ETFs will be able to start trading directly.

📈 Which altcoins are included?

The buy recommendation creates a significant opportunity, especially for cryptocurrencies traded on the Coinbase futures platform that meet the relevant criteria. According to senior ETF analyst Eric Balchunas from Bloomberg, the 12 altcoins that meet this criterion are as follows:

Litecoin (LTC)

Bitcoin Cash (BCH)

#DOGECOİN ($DOGE )

Polka Dot (DOT)

Shiba Inu (SHIB)

Avalanche (AVAX)

Chainlink (LINK)

Star (XLM)

Solana (SOL)

Hedera (HBAR)

Cardano (ADA)

$XRP

The acceptance of spot ETF applications for these assets may now just be a formality.

🗣️ Expert comment: 'The approval process could be automated'

Nate Geraci's investment model stated that the new regulation 'will mark the end of an era' for crypto ETF applications by eliminating the need for repeated approvals for each ETF. In this case, it could both increase investor interest and accelerate institutional entry into cryptocurrencies.

🚀 What will the consequences be?

The SEC's acceptance of this application could trigger significant growth in the crypto markets. This is due to the fact that:

Corporate identity will now gain access to more crypto ETFs.

Liquidity will increase.

Legal clarity will increase market confidence.

Most importantly, ETF on altcoins 'approved by the SEC' indicates significant adoption in the world of mainstream investing.

📌 Conclusion: All eyes on the SEC

The largest exchanges in the US have taken a historic step toward a crypto ETF. If the SEC accepts this proposal, spot ETFs for 12 major altcoins, from Litecoin to XRP, will only be a matter of time.

This development, which will significantly impact the crypto industry, affects not only these 12 altcoins but the entire sector. Because at this stage, blockchains for crypto ETFs can remove one of the biggest obstacles.

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