SEC Approves Generic Listing Standards for Crypto ETFs, Price Impact Remains Uncertain
The U.S. Securities and Exchange Commission (SEC) has cleared the way for a surge of new crypto exchange-traded products (ETPs), though analysts caution that increased listings may not immediately translate into price gains.
On Wednesday, the SEC approved generic listing standards for “commodity-based trust shares” on Nasdaq, Cboe BZX, and NYSE Arca, removing the need for individual rule filings under Section 19(b) of the Exchange Act. Products meeting eligibility criteria—such as trading on Intermarket Surveillance Group (ISG) member exchanges or having futures listed on CFTC-regulated markets for six months—can now list under these streamlined rules.
Analysts predict an acceleration in crypto ETP launches, citing historical precedent from the 2019 introduction of generic standards for stock and bond ETFs, which more than tripled annual launches.
