The recent new listing rules for cryptocurrency ETFs introduced by the U.S. Securities and Exchange Commission (SEC) have sparked widespread attention in the market. This new regulation, known as the "Universal Listing Standards," is viewed by the industry as significant and may serve as an "accelerator" for the approval process of cryptocurrency ETFs.

It is understood that on July 30, the BZX Exchange, under the Chicago Board Options Exchange (Cboe), submitted a rule amendment application aimed at simplifying the approval process for cryptocurrency ETFs by optimizing procedures. Greg Xethalis, the General Counsel of VC firm MultiCoin Capital, interpreted that the core of this new regulation is to establish a connection mechanism between ETF approvals and the futures market— as long as a certain cryptocurrency asset has been tracked on the Coinbase platform for more than six months in relation to the relevant futures market, it meets the basic conditions for ETF listing.

This rule adjustment means that the logic behind the approval of cryptocurrency ETFs is becoming clearer, with the potential to significantly shorten the previously lengthy review period. The market generally predicts that the first batch of eligible cryptocurrency ETFs may see approval results in September or October of this year. However, it is worth noting that some policy analysts have pointed out that, in terms of the approval order of specific assets, the spot SOL ETF may be released earlier than the XRP ETF.

Overall, the implementation of this new rule by the SEC not only provides a clearer path for the compliant development of cryptocurrency ETFs but also raises market expectations for further integration of cryptocurrency assets with traditional financial markets.$BTC $ETH #美联储利率决议 #加密市场回调