#SECETF审批 The U.S. Securities and Exchange Commission (SEC) has recently been active in ETF approvals, particularly regarding cryptocurrency ETFs. Market news indicates that the SEC is working on a set of universal listing standards that could simplify the current lengthy and cumbersome approval process.

Approval Progress

Currently, each cryptocurrency ETF application usually requires the submission of a '19b-4 form' and an 'S-1 form', with an approval period that can last up to 240 days. If the new universal standards are implemented, eligible cryptocurrency asset ETFs might be able to skip the 19b-4 process and only need to submit the S-1 form, awaiting about 75 days for automatic listing.

Market Impact and Future Outlook

This move is expected to significantly accelerate the listing efficiency of cryptocurrency ETFs and may drive more diversified products into the market, such as ETF applications for Solana (SOL), XRP, Litecoin, and others, which analysts believe have a good chance of approval. This indicates that cryptocurrency assets are gradually integrating into the traditional financial system, and future market liquidity and investment breadth are expected to improve significantly. However, the specific details of the new standards, including which cryptocurrencies qualify, are still pending further clarification from the SEC.