Oh, what a marvel! The U.S. Securities and Exchange Commission, that paragon of wisdom, has approved new standards to *dramatically speed up* the approval of spot crypto ETFs. No more tedious assessments! No more months of waiting! Just a swift, theatrical flourish of the pen!
According to SEC filings, the decision streamlines the process under Rule 6c-11, a move so grand it could make a king weep. Now, the U.S. is poised to welcome a *wave* of crypto investment products-though one wonders if they’ll be more like a tsunami of confusion.
“This approval helps to maximize investor choice and foster innovation by streamlining the listing process and reducing barriers to access digital asset products within America’s trusted capital markets,” declared SEC Chairman Paul S. Atkins, as if he’d just discovered fire.
Bloomberg ETF analyst James Seyffart, ever the optimist, declared, “This is the crypto ETP framework we’ve been waiting for!” A sentiment so fervent, it might as well be a love letter to the stock market.
WOW. The SEC has approved Generic Listing Standards for “Commodity Based Trust Shares” aka includes crypto ETPs. This is the crypto ETP framework we’ve been waiting for. Get ready for a wave of spot crypto ETP launches in coming weeks and months.
– James Seyffart (@JSeyff) September 17, 2025
The timing is crucial, as the SEC faces deadlines starting in October on applications for Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), and BNB. A race against time, or as the French would say, *une course contre le temps*! 🕰️
Standards for Listing Approval
Under the new rules, a crypto spot ETF must meet at least one of three requirements: The asset must dance on a market within the Intermarket Surveillance Group, with monitoring access. The asset must underlie a futures contract listed for at least six months on a designated market with a surveillance-sharing agreement. Or, the asset must be tracked by an ETF with at least 40% exposure listed on a national securities exchange. If not, the exchange will still need to file a separate rule request with the SEC-because nothing says “efficiency” like adding more bureaucracy.
Concerns Over Investor Protection
Not everyone welcomed the decision. SEC Commissioner Caroline Crenshaw warned that the move could flood the market with unproven products, arguing the Commission is “passing the buck” on investor protection. A sentiment so dramatic, it could be a Shakespearean tragedy! 🎭
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2025-09-18 07:18