The SEC has approved the "Universal Listing Standards" for encryption ETPs, and altcoin Spot ETFs are about to be launched in bulk.

On Wednesday, the U.S. Securities and Exchange Commission (SEC) approved a groundbreaking "Universal Listing Standard," a move that will fundamentally change the listing process for cryptocurrency exchange-traded products (ETPs).

The new regulations allow exchanges to directly list ETPs that hold spot digital assets, without the need to apply for SEC approval for each individual product, thereby eliminating the lengthy process of case-by-case review that previously took years.

Bloomberg's senior ETF analysts Eric Balchunas and James Seyffart commented that this framework paves the way for the large-scale launch of Spot encryption currency ETFs.

Seyffart emphasized: "This is the encryption ETP framework we have been waiting for," and suggested that the market "prepare for the launch of spot cryptocurrency ETPs in the coming weeks and months."

According to the new regulations, if a certain encryption asset's futures contracts have been traded on a regulated exchange (such as Coinbase) for six months, it qualifies to apply for a Spot ETF. Currently, aside from BTC and ETH, there are 12 other encryption assets traded in futures form on Coinbase, which means they may soon become new targets for Spot ETFs.

SEC Chairman Paul Atkins stated that this move aims to ensure that the U.S. capital markets continue to maintain a leading position in global digital asset innovation by simplifying the listing process, lowering barriers to entry, maximizing investor choice, and fostering healthy innovation.

The market responded positively to this transformation, with Nova Dius President Nate Geraci praising the SEC for swiftly implementing universal standards, and recalling that just two years ago the SEC was in intense battles with Grayscale over the Bitcoin Spot ETF, calling this progress "stunning."

At the same time, the SEC also approved the Grayscale Digital Large Cap Fund (a spot investment portfolio based on the CoinDesk 5 Index) and daily settled Bitcoin ETF expiry options, but postponed the decision on the Truth Social Bitcoin ETF.

The market reacted quickly to the new regulations, with the first batch of benefiting altcoin ETFs expected to start trading on the exchange this Thursday. This trend will also trigger the rapid launch of more altcoin ETFs.

What do you think about the SEC's recent easing policy? Will the batch listing of altcoin Spot ETFs bring a new round of encryption market, or could it lead to a dispersion of market funds?

#SEC新规 # encryption currency ETF