#CryptoETFMonth ⚠️ JUST IN: SEC requests withdrawal of application 19b-4 for Altcoin ETFs such as $XRP, $SOL, $ADA, $DOGE & $LTC

According to a tweet from @EleanorTerrett, the SEC has suggested that organizations that submitted application 19b-4 for Altcoin spot ETFs such as XRP, SOL, ADA, DOGE, and LTC should withdraw their applications. Reason: after the SEC approved generic listing standards, the separate 19b-4 submissions are no longer necessary. X (formerly Twitter)

🔍 Check information & legal context

The SEC has officially approved generic listing standards for commodity-based ETFs – including crypto – under which eligible funds can list without needing separate 19b-4 applications.

With the new standards, the process for listing crypto ETFs has been shortened, from a maximum of 240 days to approximately 75 days.

Therefore, previously submitted application 19b-4 may no longer align with the new listing method – the SEC suggests withdrawal to transition to listing under generic standards.

📈 Impact & market outlook

The withdrawal of application 19b-4 does not mean that altcoin ETFs are canceled – on the contrary, it may facilitate listing under the new standards.

Altcoins like XRP, SOL, ADA, DOGE, LTC are likely to be listed faster if they meet the requirements of the generic listing.

Investors should maintain expectations for an Altcoin ETF boom in Q4, as legal processes are optimized.

However, it is still necessary to monitor each withdrawal & new submission to clearly determine which altcoins will benefit – not all will be accepted. This is the time #BuyTheDip