AsianFin -- The U.S. Securities and Exchange Commission voted Wednesday to approve proposed rule changes from three national securities exchanges, allowing them to adopt generic listing standards for new cryptocurrency and other spot commodity exchange-traded products (ETPs).
The move effectively clears the last regulatory hurdle for dozens of new spot ETFs tied to digital assets ranging from solana to dogecoin.
In July, the SEC detailed the listing framework, setting out criteria that asset managers and exchanges—including the NYSE, Nasdaq, and Cboe Global Markets—must meet for new spot crypto ETFs to be approved without undergoing lengthy, case-by-case reviews.