According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has approved new listing standards for commodity-based trust shares, paving the way for digital asset listings without the need for individual approvals. This decision, outlined in SEC filings on exchanges such as Nasdaq, NYSE Arca, and Cboe BZX, aims to streamline the process under Rule 6c-11, significantly reducing the approval timelines that previously took several months. SEC Chair Paul Atkins emphasized the importance of this move, stating that it ensures the U.S. capital markets remain a leading hub for digital asset innovation.
This approval is expected to enhance investor choice and promote innovation by simplifying the listing process and lowering barriers to accessing digital asset products within the trusted framework of America's capital markets. The decision comes at a crucial time as spot ETF applications for digital assets like Solana (SOL), XRP (XRP), Litecoin (LTC), and Dogecoin (DOGE) are pending official approval. The SEC faces deadlines from October onwards to make decisions on these applications, among others. This development marks a significant step in the evolving landscape of digital asset regulation and market accessibility in the United States.
