U.S. asset managers are lining up to launch a new wave of cryptocurrency exchange-traded funds following the SEC’s adoption of streamlined listing standards. Under the revised rules, crypto ETF applications meeting predefined criteria—such as existing trading on regulated markets or reference to assets in approved ETFs—can proceed without case-by-case review, reducing approval time to 75 days or less.
The rule change is expected to accelerate the debut of products tied to a variety of tokens beyond the traditional bitcoin and ethereum ETFs currently available. Industry sources predict that spot ETFs based on solana and XRP will be among the first to launch under the new framework, with filings already well advanced and expected to clear SEC scrutiny by early October. The amendment removes the bottleneck of individual regulatory assessments, enabling asset managers to tap investor demand more swiftly.
Analysts note that the streamlined process could trigger a broader expansion of digital asset offerings in the public market. Firms now have the option to convert private crypto funds to publicly traded vehicles within the SEC’s predetermined timeline, fostering product innovation and portfolio diversification. Market participants caution that while speed to market improves, ongoing regulatory oversight remains critical to ensure transparent operations and investor protections for emerging funds tied to lesser-known altcoins.
Senior executives from leading asset managers have expressed optimism about the new approval pathway. Industry veterans anticipate that an influx of altcoin-focused ETFs will complement existing bitcoin and ethereum products, potentially drawing fresh institutional and retail capital into the crypto ecosystem. Investors are encouraged to monitor forthcoming SEC filings for detailed fund structures, underlying asset compositions and associated fee schedules.
By Reuters.
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