📢 SEC Faces Key ETF Proposal: Fast-Track Approval for 12 Altcoins Possible

Three major U.S. exchanges — CBOE, Nasdaq, and NYSE — have jointly submitted a proposal to the SEC to simplify and speed up the approval process for crypto ETFs.

🔍 What’s Proposed?

Introduction of standard listing criteria

If approved, ETFs for eligible tokens would no longer need individual approval via the 19b-4 process

This could cut approval time from 240 days to just days

💼 Impacted Assets
If accepted, ETFs for these 12 coins could be fast-tracked:
$LTC , $BCH , $BTC , #dot , $SHIB, $AVAX, #LINK , #XLM , #solana , #hbar , $ADA, $XRP

🛡 Eligibility:
The asset must trade on a regulated futures market (e.g., Coinbase Derivatives) for at least 6 months

📊 According to ETF analyst Eric Balchunas, this rule could unlock automatic spot ETF approval for the listed altcoins — a major leap forward for crypto adoption in traditional finance.

👀 All eyes on the SEC’s decision — it could open the door for a wave of new altcoin ETFs.