The SEC plans to introduce a universal listing standard for cryptocurrency ETPs, which may accelerate product issuance

ChainCatcher news, according to The Block, the U.S. SEC is advancing a universal listing standard for cryptocurrency spot ETPs, allowing eligible cryptocurrency ETPs to be approved in as little as 75 days without individual applications.

Bitwise Chief Investment Officer Matt Hougan stated that if the new regulations are implemented, various cryptocurrency assets such as Solana, XRP, and Chainlink are expected to quickly launch ETPs, driving market expansion. Previously, after adopting similar rules in the traditional ETF market, the annual issuance increased from 117 to 370.