SEC approves generic listing standards for faster crypto ETF approvals

The US Securities and Exchange Commission has approved a set of listing standards for commodity-based trust shares, opening the door for digital asset listings without requiring individual approvals.

The decision, detailed in SEC filings on stock exchanges like the Nasdaq, NYSE Arca, and Cboe BZX, on Wednesday, would streamlines the process under Rule 6c-11, significantly reducing approval timelines, which have taken several months in the past.

“By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets,” SEC Chair Paul Atkins said in a separate statement.

”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.”

It comes as spot ETF applications for the likes of Solana (SOL), XRP (XRP), Litecoin (LTC) and Dogecoin (DOGE) await official approval.

The SEC was facing deadlines from October onwards to decide on those cases, in addition to a handful of others.

This is a developing story, and further information will be added as it becomes available.

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